Sunday, January 29, 2023

Shaktikanta Das

Big Tech’s lendings can cause concerns: Das

Big Tech’s play in lending activities using customer data and sophisticated algorithms can lead to “systemic concerns” like over-leverage and inadequate quality assessment of borrowers, Reserve Bank Governor Shaktikanta Das said on Friday.The entry of firms like Google, Amazon...

RBI to soon regulate digital lending platforms

The Reserve Bank of India will soon come out with regulatory architecture for digital lending platforms, many of which are unauthorised and illegal, Governor Shaktikanta Das said on Thursday. There have been increasing cases of alleged suicides of borrowers...

RBI bats for cut in state taxes on petrol, diesel

Lending support to the Union government’s pitch for states to reduce sales tax (VAT) on petrol and diesel, Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said a cut in VAT on fuel will help soften inflationary...

RBI to go for 0.40% rate hike in next meet

The Reserve Bank is expected to go for another rate hike of 0.40 percent at the scheduled review of the monetary policy next week, a foreign brokerage said on June 4.The central bank’s rate-setting panel will follow it up...

May go for rate hike in June: RBI Gov

RBI Governor Shaktikanta Das on Monday hinted at another interest rate hike in early June to bring down stubbornly high inflation rate which has remained above the tolerance level for the past four months.“Expectation of rate hike, it’s a...

Banks asked to remain watchful of geopolitical developments

Reserve Bank Governor Shaktikanta Das has asked banks to remain watchful of the ongoing geopolitical developments and proactively take mitigating measures, including raising capital, to minimise the potential impact on their balance sheets.The governor along with other RBI officials...

Policy must manage expectations: RBI Governor

Reserve Bank Governor Shaktikanta Das on Friday said “monetary policy is an art of managing expectations” as he emphasised the need for an effective communication strategy amid concerns over rising inflation fuelled by geopolitical developments.The conduct of monetary policy...

Discussions on with RBI over digital currency: FM

Finance Minister Nirmala Sitharaman on Monday said discussions with regard to central bank-backed digital currency have been going on with the Reserve Bank and a decision will be taken after due deliberations.Sitharaman in her Budget speech on February 1...

RBI Gov says cryptocurrencies a threat to fin stability; not even worth a tulip

Reserve Bank Governor Shaktikanta Das on Thursday said cryptocurrencies are a “threat to macroeconomic and financial stability” and cautioned investors against punting on them, days after the Union government’s move to tax the gains made from cryptocurrency trades.In the...