Tag: Shaktikanta
Shaktikanta Das Takes Over As RBI Governor
Former Economic Affairs Secretary Shaktikanta Das on Wednesday assumed charge as RBI Governor after Urjit Patel abruptly resigned from the post amidst a tiff with the government on the central bank's autonomy.....
RBI Cuts Lending Rate To 6.25%, Shifts Stance To 'neutral'
In the final monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks to 6.25 per cent.....
RTGS To Become Functional Round The Clock From Today
The Real Time Gross Settlement System (RTGS) for high-value transactions will be available round-the-clock from today, making India one of the few countries in the world to operate the system 24X7.....
RBI Monetary Policy 2021: Repo Rate, Reverse Repo Rate Remain Same, 'local Lockdowns Could Hit Demand'
To support a faster economic recovery amid the surge in Covid-19 cases, the Reserve Bank retained its key short-term lending rates along with the growth-oriented accommodative stance during the first monetary policy review of FY22. ....
RBI Keeps Policy Rate Unchanged 8th Time In A Row; Maintains Accommodative Stance
The Reserve Bank of India (RBI) retained its key short-term lending rates during the October monetary policy review of FY22. ....
RBI Hikes Repo Rate By 40 Bps; CRR Increased By 50 Bps
Reserve Bank of India Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee (MPC) of the central bank, in an off-cycle meeting, hiked the repo rate by 40 basis points (bps) to 4.40 per cent with immediate effect. ....
RBI Allows 3 Month Moratorium On All Term Loan EMIs
In a big relief to the corporate sector, the Reserve Bank of India on Friday allowed a three month moratorium on payment of instalment in respect of all term loans outstanding on March 1, 2020.....
Sitharaman Lauds RBI Rate Cut, Says Need Quick Transmission
After the RBI Governor announced an emergency rate cut on Friday, Union Finance Minister Nirmala Sitharaman lauded the move and stressed the need for lower cost of retail loans and that reduced interest rate needs quick transmission.....
RBI Keeps Repo Rate Unchanged At 4 Percent
Adopting a wait and watch approach, the Reserve Bank retained its key short-term lending rates along with the growth-oriented accommodative stance during the final monetary policy review of FY21. ....
Financial Inclusion Priority For Sustainable Recovery: RBI Governor
Reserve Bank of India Governor Shaktikanta Das on Thursday said that financial inclusion will remain a priority of the central bank to achieve sustainable post-pandemic economic recovery. ....
