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Tuesday, January 26, 2021

Shaktikanta Das

Shaktikanta Das, the current RBI Governor, moved to head the central bank after holding crucial posts in the Finance Ministry. The retired 1980 batch IAS officer was earlier the Economic Affairs Secretary between 2015 and 2017 in the Finance Ministry during the tenure of Arun Jaitley. Das was also a member of the 15th Finance Commission and the Indian Sherpa to the G20 for a year. He took over office from Urjit Patel in December 2018 and has been appointed for a period of three years. Das holds a Masters degree in History from Delhi University and went on to pursue a course in Financial Management from IIM-Bangalore and then received mid-career training from IIM-Ahmedabad.


Lending a hand

January 19, 2021 10:31 am

Setting up a bad bank may help to clean up banks’ balance sheet. But it should not be used to paper over structural deficiencies.

Explained: The arguments for and against a bad bank

January 22, 2021 2:33 pm

As the problem of non-performing assets persists in a sector stressed by the pandemic, the RBI Governor has agreed to look at a proposal for creating a bad bank. What are the arguments for and against the concept?

RBI open to bad bank proposal: Shaktikanta Das

January 17, 2021 7:51 am

“If there’s a proposal to set up a bad bank, the RBI will look at it. We have regulatory guidelines for asset reconstruction companies,” RBI Governor Shaktikanta Das said while delivering the Nani Palkhivala Memorial Lecture.

Pressure points

January 14, 2021 8:24 am

Recognition of bad loans must not be delayed. Upcoming budget needs to lay out a vision for public sector banks

RBI Guv asks banks to strengthen lending capacity by raising capital

December 23, 2020 11:34 pm

The meeting, held through video conference, was attended by Deputy Governors of the RBI. The progress in the implementation of resolution framework for Covid-related stressed assets was also discussed.

RBI Governor Shaktikanta Das: Recovery not steady and continuous yet

December 19, 2020 2:45 am

Members of the RBI’s Monetary Policy Committee raised concerns on the status of some of the sub-sectors and aspects of the economy while stating that it might take at least a year to reach the earlier peak GDP level and more to recover lost growth.

Shaktikanta Das calls for cash flow-based lending to boost credit access

December 17, 2020 12:05 am

“To improve the credit to GDP ratio, access to credit and cost of credit need to be addressed by lesser reliance on collateral security and greater cash-flow based lending,” Das said.

Yet to take decision on industrial houses in banking, says Shaktikanta Das

December 05, 2020 1:17 am

The decision to allow industrial houses to control banks has evoked much debate and controversy at a time when there have been multiple bank failures leading to bailouts.

RBI monetary policy Explained: Why have rates been kept unchanged yet again?

December 07, 2020 8:07 am

RBI Monetary Policy Committee Explained: The RBI has projected CPI inflation at 6.8 per cent for the third quarter of 2020-21, 5.8 per cent for Q4 of 2020-21 and 5.2 per cent to 4.6 per cent in the first half of 2021-22, with risks broadly balanced.

RBI Monetary Policy: RBI keeps repo rate unchanged at 4%, maintains accommodative stance

December 04, 2020 1:29 pm

RBI Monetary Policy 2020: On GDP growth, the RBI now projects the real GDP growth for FY21 at -7.5 per cent from the -9.5 per cent it projected in their earlier meeting. Q3 growth is seen at 0.1 per cent and Q4 growth is seen at 0.7 per cent.


India’s economy has improved: Shaktikanta Das

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.

China seems to be moving towards market linked pricing of the Yuan: Shaktikanta Das

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.