December 12, 2019 5:23 am
Shaktikanta Das urged banks to tackle emerging challenges swiftly, particularly with regard to stressed assets resolution in a co-ordinated manner.
December 07, 2019 8:23 am
As uncertainties surround the financial system — especially in the backdrop of failure of large institutions like IL&FS, DHFL, PMC Bank and some smaller NBFCs — banks are yet to fully pass on the rate reductions to customers.
December 06, 2019 4:06 am
While the decision to keep the repo rate at 5.15 per cent was unexpected, the MPC said it will “continue with the accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within the target”.
December 06, 2019 4:12 am
Sanctions by NBFCs had fallen 34 per cent in the September quarter as the sector is yet overcome liquidity problems.
December 05, 2019 3:09 pm
RBI Monetary Policy December 2019: Even though the RBI expects economic growth to stay below 6% in the coming 12 months, inflation worries made it pause.
November 07, 2019 3:54 pm
PMC Bank, among the top 10 urban cooperative banks in the country, was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans.
October 05, 2019 1:42 am
Das also scotched media reports that the government might seek an interim dividend of Rs 30,000 crore from the central bank to meet its revenue shortfall after the massive tax cuts.
October 05, 2019 1:28 am
Maintaining that cooperative banks are also sound, Das said, “one incident cannot be and should not be used to generalise about the health of all cooperative banks.”
October 04, 2019 8:48 pm
On September 23, the RBI had put restrictions on Punjab & Maharashtra Cooperative (PMC) Bank after it had found out financial irregularities, and under-reporting of loans given to real estate developer HDIL.
October 05, 2019 10:42 am
RBI has a tough task of managing rising inflation expectations and sharply falling demand.
January 16, 2017 3:17 pm
February 09, 2016 6:01 am
New Delhi, Feb 09 (ANI): Talking about the India’s economic growth, Secretary for Economic Affairs Shaktikanta Das said that there has been improvement in the numbers as the economy expectedly eased in the quarter through December. He added that it was quite satisfying and the direction of growth is that basically what reflects in the policies and reform measures of government. He added that industrial growth with special focus on manufacturing showed more positive results.
January 07, 2016 10:27 am
New Delhi, Jan 07 (ANI): Economic Affairs Secretary Shaktikanta Das on Thursday said the new normal in global economy is uncertainty. He said that China seems to be moving towards market linked pricing of the Yuan. He also stated that YMF has accepted Yuan as a reserved currency. China devalued the Yuan in a move that rippled through global markets. As policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy.