News for 'shaktikanta-das'

Is the worst over for Indian banks?

Is the worst over for Indian banks?

Rediff.com24 Mar 2022

Is the worst over for Indian banks? The past two years saw them ride on treasury trades as deposits soared and credit growth dipped sharply. Gross and net non-performing assets (NPAs) moved south, and the provision coverage ratio (PCR), capital buffers, and profitability indicators are back at pre-pandemic levels. So, what's the plot ahead?

Covid-19 surge makes corporate India nervous about Q1

Covid-19 surge makes corporate India nervous about Q1

Rediff.com13 May 2021

Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.

Meet Subhash C Garg, the new DEA secretary

Meet Subhash C Garg, the new DEA secretary

Rediff.com23 Jun 2017

DEA is currently headed on an interim basis by Corporate Affairs Secretary Tapan Ray

RBI mulls placing NBFCs under bank-like vigil

RBI mulls placing NBFCs under bank-like vigil

Rediff.com14 Dec 2019

If the policy is extended to NBFCs and co-operative banks, they will have to disclose divergence in asset classification and provisioning during RBI inspections in their audited financial reports. Till now, these entities have been exempted from this. At present, there are more than 98,000 co-operative banks and 10,000 NBFCs. Sources said the RBI would concentrate on the top 50 co-operative banks and NBFCs.

IIP numbers encouraging, govt to continue with reforms: FinMin

IIP numbers encouraging, govt to continue with reforms: FinMin

Rediff.com13 Oct 2015

Industrial output rose to nearly three-year high of 6.4% in August.

RBI pauses rate cut spree, cuts GDP growth to 5%

RBI pauses rate cut spree, cuts GDP growth to 5%

Rediff.com5 Dec 2019

"The Monetary Policy Committee recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture," the RBI said in its fifth bi-monthly monetary policy for this fiscal.

Sensex, Nifty extend gains; IT stocks steal the show

Sensex, Nifty extend gains; IT stocks steal the show

Rediff.com10 Jun 2019

Top gainers in the Sensex pack were TCS, Bharti Airtel, Infosys, Axis Bank, L&T, ITC, PowerGrid, HCL Tech and Tata Steel, ending up to 2.39 per cent.

Sensex ends marginally lower; bank stocks fall

Sensex ends marginally lower; bank stocks fall

Rediff.com22 Feb 2019

Kotak Bank was the biggest loser in the Sensex pack, falling 3.71 per cent, followed by RIL, HDFC Bank, Bajaj Finance, PowerGrid, IndusInd Bank, Asian Paints, HDFC and ITC.

RBI Governor race: SBI chief keeps guesswork alive

RBI Governor race: SBI chief keeps guesswork alive

Rediff.com29 Jul 2016

RBI's current Deputy Governor Urjit Patel got 3-year extension in January.

Rs 1 trillion relief for corporate bonds, courtesy RBI

Rs 1 trillion relief for corporate bonds, courtesy RBI

Rediff.com28 Mar 2020

The RBI on Friday said it will give banks Rs 1 trillion through targeted long-term repo operations (TLTROs), of up to three-year maturity, to deploy in "investment-grade corporate bonds, commercial paper, and non-convertible debentures over and above the outstanding level of their investments in these bonds as of March 27, 2020."

RBI gets windfall from rising gold prices

RBI gets windfall from rising gold prices

Rediff.com10 Aug 2019

The rising price of the precious metal has helped the central bank increase overall forex reserves despite currency reserves not rising, and sometimes even falling.

Have banks formed a cartel to keep lending rates high?

Have banks formed a cartel to keep lending rates high?

Rediff.com7 Aug 2019

Das said banks have passed only 0.29 per cent in rate cuts to their borrowers as against 0.75 per cent cuts in interest rates by the Reserve Bank till June.

Factory output climbs 22.4% in March; inflation slips to 4.29% in April

Factory output climbs 22.4% in March; inflation slips to 4.29% in April

Rediff.com12 May 2021

India's factory output climbed 22.4 per cent in March, benefiting from the base effect of the lockdown-marred month a year back as well as a turnaround in the manufacturing sector, while retail inflation slipped to a three-month low of 4.29 per cent in April. The high positive annual growth in the index of industrial production (IIP) in March 2021 came on back of a contraction of (-)0.9 per cent and (-)3.4 per cent in January and February 2021 respectively, according to the data released by the National Statistical Office (NSO) on Wednesday. This turnaround was led by recovery in the mining, manufacturing and electricity sectors.

Governor Das to meet private bank CEOs on credit, liquidity concerns

Governor Das to meet private bank CEOs on credit, liquidity concerns

Rediff.com9 Jul 2019

The overarching talking point will be the reluctance on the part of private banks to loosen their purse strings and increase lending substantially, even as the central bank believes there is adequate liquidity within the system.

Sensex ends over 150 points higher; Yes Bank slumps 6%

Sensex ends over 150 points higher; Yes Bank slumps 6%

Rediff.com13 Dec 2018

Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&T, IndusInd Bank, Hero MotoCorp, M&M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent.

Why finance ministry cut small savings interest rates

Why finance ministry cut small savings interest rates

Rediff.com2 Jul 2019

The government hopes the latest action will lead to banks also lowering the cost of borrowing for corporate and individual borrowers.

PPF, post office savings interest rates may fall

PPF, post office savings interest rates may fall

Rediff.com29 Sep 2015

Banks have been reluctant to transmit the entire policy rate cut by RBI to borrowers.

2021 will be under 2020's shadow

2021 will be under 2020's shadow

Rediff.com12 Jan 2021

'In the real economy, the scars of the pandemic will continue to define 2021.' 'It is still hard to tell the effect on unemployment, migrant workers, poverty, and the informal sector of the lockdown and of the pandemic,' observes Mihir S Sharma.

FY21 GDP growth likely to remain negative: RBI Guv

FY21 GDP growth likely to remain negative: RBI Guv

Rediff.com22 May 2020

As he projected a grim outlook for the economy, RBI Governor said that amidst this encircling gloom, agriculture and allied activities have provided a beacon of hope on the back of an increase of 3.7 per cent in foodgrains production to a new record.

RBI rules out rate cut any time soon

RBI rules out rate cut any time soon

Rediff.com20 Aug 2020

Although there is headroom for further monetary policy action, at this juncture it is important to keep our arsenal dry and use it judiciously: RBI's Das.

Major changes in finance ministry after Budget

Major changes in finance ministry after Budget

Rediff.com10 Jan 2017

Three key babus will make room for a new set of officers to carry the baton of Budget programmes.

What Sitharaman did after becoming the finance minister

What Sitharaman did after becoming the finance minister

Rediff.com3 Jun 2019

This is not her first stint in North Block or in leading a major economic ministry. She started Prime Minister Narendra Modi's first term as minister of state for finance, was made the commerce minister, and then became the defence minister.

New Rs 1000 notes will be back in few months

New Rs 1000 notes will be back in few months

Rediff.com10 Nov 2016

Currency notes of lower denomination of Rs 100 and Rs 50 will continue to be the legal tender

India likely to stage sharp V-shaped recovery in 2021-22: RBI's Das

India likely to stage sharp V-shaped recovery in 2021-22: RBI's Das

Rediff.com17 Apr 2020

Softening inflation, Das said would make available more policy space to the central bank to address risks to the growth going forward.

Why demand for cash could rise despite digitisation

Why demand for cash could rise despite digitisation

Rediff.com20 Jul 2020

For the first time, the value of card and mobile payments of Rs 10.57 trillion was more than ATM withdrawals of Rs 9.12 trillion in Q4 of fiscal 2019-20. In the months of lockdown, the gap may have widened further, but cash could be back in vogue when the situation normalises.

Why the government is seeing red over S&P's rating

Why the government is seeing red over S&P's rating

Rediff.com3 Nov 2016

Government hits back, tells rating agency to introspect on processes.

'RBI is buying time'

'RBI is buying time'

Rediff.com6 May 2021

'RBI can only take care of survival, not recovery.'

An open letter to the RBI governor

An open letter to the RBI governor

Rediff.com11 Jan 2019

Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.

What transpired at the 1st board meet under new RBI guv

What transpired at the 1st board meet under new RBI guv

Rediff.com14 Dec 2018

The board deliberated on the governance framework of the RBI and it was decided that the matter needs further examination

Yes Bank continues to roil other private lenders

Yes Bank continues to roil other private lenders

Rediff.com19 Mar 2020

Private sector lenders have been communicating to their customers about their strong capital positions but it has not put depositors at ease.

Was RBI's June meet the last straw for Acharya?

Was RBI's June meet the last straw for Acharya?

Rediff.com24 Jun 2019

While Governor Das was sanguine on government walking the fiscal prudence path--which was missed three out of the five budgets of the Modi government--Acharya pointed to the fiscal slippages as a worry.

Bill on black money likely in ongoing Parliament session

Bill on black money likely in ongoing Parliament session

Rediff.com11 Mar 2015

Government may bring a new law on black money during the ongoing Parliament session.

Economic activity clearly losing traction: Das said at MPC meet

Economic activity clearly losing traction: Das said at MPC meet

Rediff.com20 Jun 2019

Das favoured shifting the stance of monetary policy from neutral to accommodative to send a clear signal, indicating that more measures could be taken in the near future to boost growth.

Like eating halwa: FinMin locks up for Budget 2015

Like eating halwa: FinMin locks up for Budget 2015

Rediff.com19 Feb 2015

As part of the long-standing ritual, the sweet dish is prepared in a large vessel and consumed by a large number of official and support staff who are required to stay in the North Block office till the presentation of the Budget, which is February 28 this year.

Will Rakesh Mohan be the new RBI Governor?

Will Rakesh Mohan be the new RBI Governor?

Rediff.com22 Jun 2016

The appointment will be made by Prime Minister Narendra Modi in consultation with Finance Minister Arun Jaitley.

Current fiscal deficit may go up to 5.3% of GDP: CEA

Current fiscal deficit may go up to 5.3% of GDP: CEA

Rediff.com6 Jun 2020

'Given the 50 per cent or thereabouts increase in borrowing that has been announced, it is a reasonable estimate to say that at this time, an increase of 1.7-1.8 per cent on the 3.5 per cent budgeted fiscal deficit target is being anticipated,' Chief Economic Adviser Krishnamurthy Subramanian said on Friday.

RBI policy endorses government estimates on growth, inflation

RBI policy endorses government estimates on growth, inflation

Rediff.com7 Jun 2016

RBI said more monetary transmission to support growth continues to be critical.

'Total halt' in smuggling of fake notes, finmin tells PAC

'Total halt' in smuggling of fake notes, finmin tells PAC

Rediff.com10 Feb 2017

The finance ministry on Friday informed a parliamentary committee that smuggling of fake currency has totally stopped post demonetisation and the tax department has seized Rs 515 crore in cash, including Rs 114 crore of new currency notes, up to January 10.

'Declare overseas assets, will be difficult to hide'

'Declare overseas assets, will be difficult to hide'

Rediff.com10 Jul 2015

Armed with automatic information exchange pact with the US, government on Thursday asked persons holding undisclosed offshore assets to declare them before September 30 as it would be difficult to hide unaccounted assets in future.

Removal of tax exemptions to cos: Roadmap in 45 days

Removal of tax exemptions to cos: Roadmap in 45 days

Rediff.com1 Jul 2015

It will be put up in the public domain.