Tag: Shaktikanta Das

Need to eliminate biases in algorithms as AI on the rise: RBI Governor Shaktikanta Das

June 28, 2024 admin

Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: PTI RBI Governor Shaktikanta Das on Friday emphasised on the need to eliminate biases in algorithms as the use of artificial intelligence (AI) and machine learning (ML) is on the rise. Delivering the inaugural address at the 18th Statistics Day Conference organised by the…

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India Recorded 8.3% Average Growth In Last 3 Years: RBI Chief Shaktikanta Das

June 25, 2024 admin

India is moving ahead towards 8% GDP growth in a sustained manner, said RBI chief. (File) Mumbai: India is at the threshold of a major structural shift in its growth trajectory, highlighted Shaktikanta Das, Reserve Bank of India Governor, on Tuesday during his address at the 188th AGM (Annual General Meeting) of Bombay Chamber of…

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India’s Financial System Is Now In Much Stronger Position: RBI Governor Shaktikanta Das

June 20, 2024 admin

Governor Shaktikanta Das outlined RBI’s recent supervisory initiatives (File) Mumbai: RBI Governor Shaktikanta Das on Thursday said that the Indian financial system is in a “much stronger position,” characterised by robust capital adequacy, low levels of non-performing assets, and healthy profitability of banks and non-banking lenders. Underscoring the imperative of fostering a future-ready ethos within…

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RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row

June 7, 2024 admin

RBI Governor Shaktikanta Das on June 7, 2024, said the Monetary Policy Committee has decided to keep the repo rate unchanged at 6.5%. File | Photo Credit: ANI The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%. The decision, taken at the…

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Governor Das for greater participation of banks in rupee derivatives in India, abroad

April 8, 2024 admin

RBI Governor Shaktikanta Das. | Photo Credit: ANI Reserve Bank Governor Shaktikanta Das on April 8 stressed the need for greater participation of Indian banks in rupee derivatives market, both domestically and offshore, while being prudent. The Governor noted that participation of domestic banks in derivative markets remains limited with only a small set of…

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Food price uncertainties to weigh on inflation trajectory; RBI retains FY’25 forecast at 4.5%

April 5, 2024 admin

The retail inflation in February was 5.1%, while inflation in the food basket was at 8.66%. The Reserve Bank of India (RBI) on April 5 said food price uncertainties continue to weigh on the inflation trajectory going forward, even as it retained 4.5% retail inflation projection for the current fiscal. In its first bi-monthly monetary…

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Food inflation keeps RBI worried

April 5, 2024 admin

The spike in food prices has kept the Reserve Bank of India (RBI) worried even though overall inflation has moderated to a certain extent. On April 5, the Central bank’s Monetary Policy Committee decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. This is the seventh time that…

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RBI Monetary Policy LIVE updates | Policy repo rate unchanged at 6.5%; real GDP growth for FY25 projected at 7%

April 5, 2024 admin

Governor Das, announcing the Monetary Policy decision, said that CPI inflation for FY25 has been projected at 4.5%. The Committee has maintained its figures from February. Back in February, CPI inflation was projected at 5.4 per cent for 2023-24 with Q4 at 5.0 per cent. Food inflation pressures accentuated in February; MPC remains vigilant towards…

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RBI, Bank Indonesia sign pact for establishing framework to promote use of local currencies INR, IDR

March 7, 2024 admin

The RBI and Bank Indonesia MoU covers all current account transactions, permissible capital account transactions and any other economic and financial transactions as agreed upon by both countries. | Photo Credit: Reuters The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on March 7 in Mumbai for…

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India accounts for 40% of all digital payments in the world: RBI governor

March 4, 2024 admin

File picture of RBI Governor Shaktikanta Das, who said that India accounts for 40% of all digital payments in the world | Photo Credit: ANI Reserve Bank of India Governor Shaktikanta Das said on Monday that digital transactions in India have grown 90-fold in 12 years. Mr. Das was speaking at the RBI headquarters in…

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