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World Economic Forum: India's International Confidence Hits High, Says RBI Governor

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

Thu, Jan 18, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the World Economic Forum 2024, highlighted a surge in international confidence towards India. He cited the National Statistics Office (NSO) revising India's FY23 growth projection to 7.3%, surpassing the RBI's own 7% estimate, as evidence of this positive sentiment. Additionally, Das expressed optimism for FY24, stating he "senses" India's GDP growth will reach 7%.

RBI Issues Draft Norms on Dividend Declaration by Banks | Zee Business

RBI Issues Draft Norms on Dividend Declaration by Banks | Zee Business

Wed, Jan 03, 2024

RBI issued draft circular on dividend declaration of banks, new rules will be implemented from financial year 2025, sought suggestions from stakeholders till January 31, rules for all Commercial Bank, SFB, Payment Bank, Regional Bank

RBI MEET: Will the MPC maintain the status quo and keep rates steady for the fifth consecutive time?

RBI MEET: Will the MPC maintain the status quo and keep rates steady for the fifth consecutive time?

Thu, Dec 07, 2023

Even as the three-day RBI MPC meeting has started on Wednesday, all eyes are on the interest rate-setting panel’s decision on Friday. Experts, however, expect a status quo on the key policy rates as inflation is gradually coming closer to the RBI’s target level and economic growth is picking up. RBI Governor Shaktikanta Das-headed Monetary Policy Committee has begun its three-day deliberations on December 6. Das would unveil the decision of the six-member MPC on the last day of the meeting--December 8 (10.00 AM).

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Mastercard card holders alert! Your data will soon be deleted from global servers - what it means for users

Mastercard card holders alert! Your data will soon be deleted from global servers - what it means for users

Mon, Dec 17, 2018

In response to a new regulation issued by the Reserve Bank of India (RBI) in April this year, global card payments major Mastercard has proposed a certain date from which it will start deleting data of Indian cardholders from global servers.

Arun Jaitley says flagging credit, liquidity issues does not infringe on RBI autonomy

Arun Jaitley says flagging credit, liquidity issues does not infringe on RBI autonomy

Sat, Dec 15, 2018

Finance Minister Arun Jaitley Friday said sovereign government flagging issues of credit and liquidity does not infringe on the Reserve Bank's autonomy and hoped things will work out with the central bank in future.

Hold on tight to your Yes Bank shares! Going forward, bank seen turning money making magnet

Hold on tight to your Yes Bank shares! Going forward, bank seen turning money making magnet

Fri, Dec 14, 2018

Yes Bank is on verge of announcing a new chief anytime soon. Just yesterday, Yes Bank said that it has identified the person and sent the name to the RBI for approval.

What will new RBI governor do? Shaktikanta Das explains his agenda

What will new RBI governor do? Shaktikanta Das explains his agenda

Wed, Dec 12, 2018

In his first press conference after taking over as the new Governor of the Reserve Bank of India, Shaktikanta Das said, "I will try to uphold credibility and autonomy of great institution that RBI is." He added, "Open to discussing all issues." Here are Shaktikanta Das quotes from the press brief

Consumer Price Index (CPI) numbers today: What will be India's latest inflation data? Good news awaits Shaktikanta Das?

Consumer Price Index (CPI) numbers today: What will be India's latest inflation data? Good news awaits Shaktikanta Das?

Wed, Dec 12, 2018

If this month CPI eases further, it will give relief to RBI, which can either decide to stick with the status quo or, as the NDA government wants, announce an interest rate cut in the upcoming policy.

Pros and cons: PM Narendra Modi names Shaktikanta Das as new RBI governor after Urjit Patel quits

Pros and cons: PM Narendra Modi names Shaktikanta Das as new RBI governor after Urjit Patel quits

Tue, Dec 11, 2018

PM Narendra Modi led government named Shaktikanta Das, a seasoned financial bureaucrat, as the new governor of the Reserve Bank of India (RBI) on Tuesday, replacing Urjit Patel, whose abrupt resignation roiled financial markets.

PM Narendra Modi moves fast to name backer of demonetisation as RBI Governor

PM Narendra Modi moves fast to name backer of demonetisation as RBI Governor

Tue, Dec 11, 2018

PM Narendra Modi has appointed former finance ministry official Shaktikanta Das as new governor of the Reserve Bank of India (RBI) in a move that could help to end a rift with government as it seeks to ease lending curbs ahead of general elections 2019.

Who is Shaktikanta Das, the new RBI Governor who replaced Urjit Patel?

Who is Shaktikanta Das, the new RBI Governor who replaced Urjit Patel?

Tue, Dec 11, 2018

PM Narendra Modi led NDA government appointed Shaktikanta Das, a retired 1980 batch Tamil Nadu cadre Indian Administrative Service (IAS) officer, as the Reserve Bank of India (RBI) governor.

In big surprise, PSU banks snub Urjit Patel; SBI, PNB, Indian Bank, Canara Bank turn top gainers

In big surprise, PSU banks snub Urjit Patel; SBI, PNB, Indian Bank, Canara Bank turn top gainers

Tue, Dec 11, 2018

After the shock exit of Urjit Patel, Prime Minister Narendra Modi is looking to grab back the initiative to quickly control the situation that was deteriorating fast.

A Black Tuesday? Urjit Patel exits, Assembly Election results! Can NDA govt save Sensex, Nifty?

A Black Tuesday? Urjit Patel exits, Assembly Election results! Can NDA govt save Sensex, Nifty?

Tue, Dec 11, 2018

The benchmark Sensex plummeted 714 points as investors panicked over exit polls suggesting the Congress is giving a tough fight to the ruling BJP in state elections. The bruised rupee and weak global cues also further dampened sentiment.

Urjit Patel: The vigilant owl flies out in protest, as the Nest comes under attack

Urjit Patel: The vigilant owl flies out in protest, as the Nest comes under attack

Mon, Dec 10, 2018

Industrialist Rahul Bajaj has a history of not mincing his words. Just last month, at the peak of a very ugly public spat between the RBI and the Centre, he commended RBI Governor Urjit Patel for showing the "spine".

Who will succeed Urjit Patel: N S Vishwanathan may be made appointed RBI governor, say sources

Who will succeed Urjit Patel: N S Vishwanathan may be made appointed RBI governor, say sources

Mon, Dec 10, 2018

N S Vishwanathan, senior most deputy governor, may be made interim head of the RBI following the unexpected resignation of Urjit Patel, according to sources.

Raghuram Rajan: All Indians should be concerned

Raghuram Rajan: All Indians should be concerned

Mon, Dec 10, 2018

With RBI Governor Urjit Patel putting in his papers, his immediate predecessor Raghuram Rajan Monday said "all Indians" should be concerned as strength of institutions is important for growth and development.

RBI Governor Urjit Patel resigns, stuns markets

RBI Governor Urjit Patel resigns, stuns markets

Mon, Dec 10, 2018

Reserve Bank of India Governor Urjit Patel resigned for "personal reasons" on Monday, a decision analysts linked to intense pressure on the central bank from the government to ease regulatory curbs.

In surprise move, RBI Governor Urjit Patel steps down: Read expert views

In surprise move, RBI Governor Urjit Patel steps down: Read expert views

Mon, Dec 10, 2018

The Reserve Bank of India`s Governor, Urjit Patel, resigned for "personal reasons" on Monday, a decision analysts linked to the intense pressure on the central bank from the government to ease regulatory curbs.

RBI chief Urjit Patel should not have resigned: board member

RBI chief Urjit Patel should not have resigned: board member

Mon, Dec 10, 2018

The Reserve Bank of India`s (RBI) Governor Urjit Patel should not have resigned "at a time when most of the controversial issues have been discussed and decided", an RBI board member told Reuters on Monday.

Urjit Patel quits in shock move! Viral Acharya next?

Urjit Patel quits in shock move! Viral Acharya next?

Mon, Dec 10, 2018

Now that RBI governor Urjit Patel has decided to exit from his post, it will only be a matter of time, and no surprise at all, if any other resignations take place in the central bank.

Raghuram Rajan on Urjit Patel: Former RBI governor red flags 'statement of protest'

Raghuram Rajan on Urjit Patel: Former RBI governor red flags 'statement of protest'

Mon, Dec 10, 2018

When asked about RBI's autonomy, Rajan mentioned that the act of resignation by a government servant or a regulator is really a note of protest. It is saying that the person cannot stay on given the kinds of policies that are being thrust upon them.

Manic Monday! Urjit Patel quits, PM Narendra Modi reacts to resignation

Manic Monday! Urjit Patel quits, PM Narendra Modi reacts to resignation

Mon, Dec 10, 2018

Monday evening has stirred a fire at India's apex bank RBI, where Governor Urjit Patel has quit his post. Urjit Patel has decided to end his tenure as RBI governor in a little over two years' time - he has not even completed his tenure.

Urjit Patel resigns! From Deputy Governor to sad exit as RBI chief; A journey of a silent governor

Urjit Patel resigns! From Deputy Governor to sad exit as RBI chief; A journey of a silent governor

Mon, Dec 10, 2018

Patel said, "On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honor to serve in the Reserve Bank of India in various capacities over the years."

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