India can achieve sustainable growth of up to 8% in the coming years: RBI Governor Shaktikanta Das
Mumbai/IBNS: Reserve Bank of India (RBI) Governor Shaktikanta Das said India has the potential to achieve sustainable economic growth of up to 8 percent in the medium term.
Singapore/IBNS: Even as consumer price index (CPI) inflation has softened to the 2-6 percent tolerance band, there is still a ‘distance to cover’, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday (Sept. 13), signaling the central bank is in no hurry to cut interest rates despite the inflation dip in the world’s fastest-growing major economy.
RBI Governor launches key digital payment initiatives Bharat BillPay, UPI Circle
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das Wednesday announced the launch of two new product offerings built by the National Payments Corporation of India (NPCI) at the Global Fintech Festival (GFF) 2024.
Bengaluru/IBNS: The Governor of Reserve Bank of India (RBI), Shaktikanta Das, on Monday (August 26) announced that the central bank will introduce its ‘Unified Lending Interface’, or ULI, technology platform across the nation.
Govt to appoint new external members to RBI MPC ahead of crucial rate meeting in October: Report
New Delhi/IBNS: The Government of India will appoint new external members to the Reserve Bank of India’s (RBI) monetary policy committee (MPC) by October at the latest ahead of a crucial meeting in which the MPC will face pressure to cut interest rates, Bloomberg reports, citing people familiar with the matter.
RBI Governor warns banks against growing gap between credit and deposit growth
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das cautioned on Tuesday that Indian banks must closely monitor the widening gap between credit and deposit growth to prevent a potential structural liquidity issue.
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Saturday (Aug 10) urged banks to focus on ‘core banking’ and to bring in innovative products to mobilise deposits during a meeting with members of the Reserve Bank of India’s (RBI) Central Board of Directors, reports said.
RBI keeps repo rate unchanged at 6.5% for ninth time in a row
Mumbai/IBNS: The Reserve Bank of India (RBI) on Thursday (Aug 8) kept the repo rate — the central bank's rate for short-term loans to banks — unchanged at 6.5 percent by 4:2 majority, maintaining withdrawal of accommodation.
Food inflation biggest challenge in disinflationary process: RBI Guv Shaktikanta Das
Mumbai: Despite the central bank's efforts to reduce India's retail inflation to its 4 percent target, the final stages of the disinflationary process are challenging due to persistently high food prices, Reserve Bank of India Governor Shaktikanta Das stated at an event on Tuesday.
RBI keeps lending rate unchanged at 6.5%
New Delhi/IBNS: The Reserve Bank of India (RBI) has kept the key lending rate unchanged at 6.5% in its new monetary policy announced on Friday.
RBI keeps repo rate unchanged in line with market expectations
Mumbai: The Reserve Bank of India on Friday kept the key interest rates unchanged at 6.50 percent, in line with the market expectations.
Rupee most stable compared to peers due to strong fundamentals of Indian economy: RBI
New Delhi/UNI: The Indian currency (INR) was the most stable among major currencies during the past three years and this reflects sound economic fundamentals of the Indian economy, says the Reserve Bank of India.
RBI keeps repo rate unchanged at 6.5%, projects 7% growth for FY25
New Delhi/UNI/IBNS: Considering various factors both in the domestic and global markets, the Reserve Bank of India Friday projected 7 percent growth for Indian economy for FY25. RBI governor Shaktikanta Das said after three days of deliberations, the Monetary Policy Committee unanimously decided to keep the key interest rates unchanged at 6.50 per cent.
RBI's 3-day MPC meeting starts
Mumbai: The Reserve Bank of India's Monetary Policy Committee has started its three-day meeting on Wednesday to deliberate on interest rates and analyze the state of the economy.
85% of Paytm wallet won't face interruptions due to regulatory actions: RBI Governor
New Delhi: Around 80-85% of Paytm wallet users will not face any interruptions due to regulatory actions, RBI Governor Shaktikanta Das stated on Wednesday.