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Projection for real GDP growth is retained at 9.5% for 2021-22: RBI Governor

News | August 06, 2021 14:15 IST

Reserve Bank of India (RBI) has decided to retain projection for real GDP growth at 9.5% for 2021-22. "The projection for real GDP growth is retained at 9.5% for 2021-22... Consumer Price Index (CPI) inflation is projected at 5.7 % during 2021-22 - this consists of 5.9% in Q2, 5.3% in Q3 and 5.8% in Q4 of 2021-22 with risks broadly balanced. CPI inflation for the first quarter of 2022-23 is projected at 5.1%," said RBI Governor Shaktikanta Das on August 06.

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NEFT, RTGS money transfer services extended beyond banks: RBI Governor Shaktikanta Das

Business | April 07, 2021 16:21 IST

NEFT, RTGS money transfer services has been extended to payments banks by the RBI.

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RBI to mandate interoperability among prepaid payments instruments: Shaktikanta Das

Business | April 07, 2021 14:10 IST

Governor Das said prepaid payments instruments (PPIs) were given the option to become interoperable, wherein customers of one company can send funds to customers of other PPIs or banks.

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RBI to set up panel to undertake comprehensive review of Asset Reconstruction Companies

Business | April 07, 2021 14:03 IST

After enactment of SARFAESI Act in 2002, regulatory guidelines for ARCs were issued in 2003 to enable development of this sector and to facilitate smooth functioning of companies.

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RBI targets 5.2 per cent retail inflation for first half of FY22

Business | April 07, 2021 12:02 IST

The food inflation trajectory will critically depend on temporal and special progress of southwest monsoon in the 2021 season.

RBI maintains status quo on policy rate, repo unchanged at 4%

Business | April 07, 2021 10:16 IST

The Reserve Bank of India has maintained status quo fifth time in a row on policy rate. The bank has kept repo unchanged at 4 per cent.

Economic revival to continue unabated; rising Covid cases a concern, but lockdowns unlikely: RBI Guv

Business | March 25, 2021 16:34 IST

The rising COVID-19 infections across the country are a matter of concern, but it may not impact the ongoing economic revival as one does not foresee lockdowns, Reserve Bank Governor Shaktikanta Das said on Thursday.

RBI concerned over impact of cryptocurrency may have on financial stability: Shaktikanta Das

Business | February 24, 2021 16:05 IST

The Reserve Bank of India (RBI) is concerned over the impact cryptocurrencies may have on the financial stability in the economy and has conveyed the same to the government, Governor Shaktikanta Das said on Wednesday.

RBI projects GDP growth rate of 10.5 per cent FY 2022

Business | February 05, 2021 11:42 IST

After the Budget 2021-22 announcement on Monday, Economic Affairs Secretary Tarun Bajaj had said that real GDP growth would be 10-10.5 per cent in the next fiscal.

Booming markets: RBI Governor warns stretched valuations pose financial stability risk

Business | January 11, 2021 21:05 IST

There is a disconnect between booming markets and economic activity, Reserve Bank Governor Shaktikanta Das said on Monday, warning that the stretched valuations of financial assets pose a risk to financial stability.

RBI Governor Shaktikanta Das recovers from coronavirus

India | November 07, 2020 19:59 IST

Reserve Bank of India (RBI) Governor Shaktikanta Das has tested negative for coronavirus on Saturday and will join the office next week.

India at doorstep of revival process, says RBI Governor Shaktikanta Das

Business | October 21, 2020 20:24 IST

Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that the government will have to spell out fiscal roadmap post coronavirus, PTI reported. Das also said that India is at the doorstep of revival process. More to follow.

Real GDP likely to decline by 9.5% in FY 2021: RBI

News | October 09, 2020 16:48 IST

The Governor of Reserve Bank of India (RBI), Shaktikanta Das on October 09 announced that Gross Domestic Product (GDP) is expected to decline by 9.5% in 2021.

RBI announces 'positive pay' feature to enhance safety of cheque payments | Here's how it will work

Business | August 06, 2020 21:34 IST

Under the 'positive pay' system, a customer who issues the cheque clicks a picture of the cheque before handing it over to the beneficiary and uploads the same on the bank's mobile application.

RBI keeps repo rate, reverse repo rate unchanged

News | August 06, 2020 16:48 IST

Reserve Bank of India (RBI) on August 06 announced that repo rate and reverse repo rate will remain unchanged.

For year 2020-21, GDP growth is estimated to be negative: RBI Governor

News | August 06, 2020 16:35 IST

Reserve Bank of India (RBI) Governor Shaktikanta Das briefed mediapersons on Aug 06.

RBI governor Shaktikanta Das press conference at 12 noon today, likely to make policy announcement

Inflation to remain elevated in Q2FY21, says RBI Governor Shaktikanta Das

Business | August 06, 2020 13:03 IST

Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at 12 noon today. This was the 24th meeting of the MPC. Besides, the central bank also issued directions regarding the loan moratorium which is coming to an end on August 31 amid bankers opposing the further extension of this facility on concerns over its misuse.