[ad_1] Shaktikanta Das, who previously led the Reserve Bank of India as its governor, has been appointed the second Principal Secretary to Prime Minister Narendra Modi on Saturday. The decision was taken by the Appointments Committee of the Cabinet, which did not specify a tenure for Das in the new role. A retired IAS officer from […]
RBI MPC Meeting: Repo rate left unchanged for 11th time; CRR cut by 50 basis points – CNBC TV18
[ad_1] The Monetary Policy Committee of the Reserve Bank of India decided to keep policy rates unchanged at 6.5% for the 11th straight instance on Friday, December 6. The decision was taken with a majority of 4:2. Dr. Nagesh Kumar and Professor Ram Singh had voted to reduce the policy repo rate by 25 basis […]
RBI MPC Meeting Live: RBI will release ₹1.16 lakh crore into Indian banking system, announces Guv Das
[ad_1] By CNBCTV18.COM | Dec 6, 2024 11:16 AM IST (Updated) RBI MPC Meeting Live Updates: Following his last RBI MPC policy meeting until his term ends on December 10, Governor Shaktikanta Das announce maintaining a status quo on policy rates though the panel decided to cut the cash reserve ratio (CRR) to 4% in line […]
RBI MPC GDP Growth Update: FY25 forecast cut to 6.6%; Governor says Eco ‘bottomed out’ in Q2 – CNBC TV18
[ad_1] The Reserve Bank of India on Friday, December 6, revised the projections for India’s GDP growth for financial year 2025 down to 6.6% from 7.2% earlier. Company Value Change %Change The move comes after the India’s GDP growth for the July-September period, fell to a seven-quarter low of 5.4%. This was the lowest growth […]
Last week and last policy of RBI Gov Shaktikanta Das’ current term amid surprising silence from govt about next governor – CNBC TV18
[ad_1] CNBC-TV18 has just reported that a decision on who the next Reserve Bank of India (RBI) governor is going to be or may be announced today. If a decision doesn’t come today, this is the first time that an RBI governor goes into a monetary policy with the country and possibly even the governor […]
RBI governor urges banks to strengthen internal governance, curb unethical practices – CNBC TV18
[ad_1] RBI Governor Shaktikanta Das on Monday asked bank boards to strengthen internal governance framework to curb unethical practices, such as mis-selling of products or opening of accounts without proper KYC verification. Das also said that the incentives for bank staff should be carefully structured so as not to encourage them to indulge in unethical […]
RBI Governor calls out banks for misclassifying complaints as customer queries – CNBC TV18
[ad_1] Reserve Bank Governor Shaktikanta Das on Monday expressed concerns over instances wherein banks misclassify complaints as “customer queries” and asked bank boards to ensure lenders’ genuine commitment to customer centricity. The governor was speaking at the Conference of Directors of Private Sector Banks in Mumbai. Trust is the bedrock of banking, and the industry […]
RBI Monetary Policy Oct LIVE updates: Central bank likely to keep repo rate unchanged, say analysts
[ad_1] Oct 9, 2024 8:40 AM RBI MPC Meet Live: Is a rate cut expected late this year? The sentiment of the CNBC-TV18 poll reflects a broader expectation of a rate cut later in the year, with 70% of the polled analysts predicting a December 2024 reduction. A smaller 10% foresee this happening by February […]
RBI’s hawkish stance surprises markets – is the central bank being overly cautious? Experts weigh in – CNBC TV18
[ad_1] The Reserve Bank of India (RBI) took the market by surprise today with its hawkish tone, despite holding the repo rate steady and maintaining its current stance as expected. With the US Federal Reserve now anticipated to cut rates by 125 basis points in 2024, a significant shift from the 25 basis points expected […]
Paytm, Google Pay users can soon allow those without UPI-linked accounts to pay via their account: RBI – CNBC TV18
[ad_1] Reserve Bank of India Governor Shaktikanta Das, on Thursday, said that UPI users will soon be allowed to delegate payments to a secondary user without needing a separate bank account linked to the UPI ID. The Unified Payments Interface (UPI) currently has a user base of 424 million, according to the RBI. This move […]