Post Tagged with: "Shaktikanta Das"

?Urjit had been wanting to quit for past 6-7 mnths?

?Urjit had been wanting to quit for past 6-7 mnths?

NEW DELHI: Former Reserve Bank of India () governor stepped down due to personal reasons and had been telling the PM about his intention to quit for the past 6-7 months, Prime Minister said on Tuesday. “I am revealing for the first time, he (Urjit Patel) was telling me about […]

RBI lines up relief package for debt-hit MSMEs

RBI lines up relief package for debt-hit MSMEs

MUMBAI: In a move that will benefit thousands of troubled small businesses, banks and companies will grant debt relief to micro, small and medium enterprises (MSMEs) saddled with loans of up to Rs 25 crore that are facing stress but are not yet classified as bad loans. Announcing the scheme, […]

Banking sector on ‘course to recovery‘ as NPAs recede: RBI

Banking sector on ‘course to recovery‘ as NPAs recede: RBI

MUMBAI: The is on “course to recovery” as the afflicting non-performing assets recede, but state-run lenders need reforms in governance, Reserve Bank of India () governor said on Monday. The weaker ones among the public sector banks need to be supported through recapitalisation, the governor said in his foreword to […]

Bad loans will shrink in March: RBI

Bad loans will shrink in March: RBI

MUMBAI: The Reserve Bank of India (RBI) has said that the ratio of has improved from last year and is expected to further decline in March 2019?s financial results. governor has, however, said that despite the improvement, the current levels of bad loans are still too high for comfort. In […]

4 of 11 banks may see lifting of lending restrictions in Q4

4 of 11 banks may see lifting of lending restrictions in Q4

MUMBAI: The Reserve Bank of India () has estimated that around four out of the 11 banks facing lending restrictions could come out of the () framework with some capital infusion. This was indicated in the central bank?s board meet on Friday. After taking an activist stance in its previous […]

Rupee skids 22 paise to 71.90 against US dollar

Rupee skids 22 paise to 71.90 against US dollar

MUMBAI: The declined by 22 paise to close at 71.90 against the on Friday amid strengthening of the greenback and cautious trading in the domestic equity market. Forex traders said the rupee came under pressure following strengthening of the dollar against major currencies overseas, while caution prevailed amid the RBI‘s […]

New RBI guv Shaktikanta Das to steer first central board meet on Friday

New RBI guv Shaktikanta Das to steer first central board meet on Friday

NEW DELHI: The central board of the Reserve Bank of India () under new governor will meet on Friday where the directors are likely to push for greater say in the decision making of the central bank. The meeting will review the progress with respect of some of the decisions […]

Will uphold RBI‘s autonomy: Guv Shaktikanta Das

Will uphold RBI‘s autonomy: Guv Shaktikanta Das

NEW DELHI: Briefing the media for the first time as the Reserve Bank of India (RBI) governor + , on Wednesday said that he “will try and uphold professionalism, core values, credibility and autonomy of this institution.” He stated, “It?s an honour and great opportunity to serve RBI. I will […]

Poll defeat won?t change BJP?s approach: Sinha

Poll defeat won?t change BJP?s approach: Sinha

PUNE: Former on Wednesday said there would not be any change in the approach of the BJP despite its defeats in the assembly elections in three states because the power to make changes was concentrated in the hands of only ?two? persons. ?It is impossible to bring any change in […]

Shaktikanta Das is new RBI governor

Shaktikanta Das is new RBI governor

NEW DELHI: The government moved swiftly on Tuesday to appoint ? who as economic affairs secretary in 2015-2017 emerged as a strong defender of demonetisation ? as the 25th governor of the Reserve Bank of India for three years, opting for a safe pair of hands and a consensus builder […]