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India is poised to contribute about one-fifth of the world’s GDP growth on the back of robust domestic demand and prudent macroeconomic and financial sector policies, which enabled it to withstand “external shocks”, Shaktikanta Das, the Principal Secretary-2 to PM Narendra Modi, said. Addressing an event in Pune on Saturday (October 11, 2025), he…
Sanjay Malhotra will be the 26th RBI Governor. File | Photo Credit: PTI Sanjay Malhotra will replace Shaktikanta Das as the Governor of the Reserve Bank of India and his appointment, for three years, will take effect on December 11, 2024. Mr. Malhotra will be the 26th RBI Governor. A 1990-batch IAS officer of the…
Sanjay Malhotra’s tenure will last for three years. New Delhi: Sanjay Malhotra, a 1990-batch IAS of Rajasthan cadre, has been appointed as the Governor of the Reserve Bank of India (RBI). He will succeed Shaktikanta Das as the RBI chief. Here are 5 facts on Sanjay Malhotra: Prior to his appointment, Sanjay Malhotra served as…
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Revenue Secretary Sanjay Malhotra has been appointed as the new RBI Governor replacing Shaktikanta Das whose tenure ends on December 10, 2024. File | Photo Credit: PTI The Appointments Committee of the Cabinet, on Monday (December 9, 2024), has appointed Sanjay Malhotra as the new Reserve Bank of India (RBI) Governor for a period of…
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A video featuring Indian Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das promoting the Government’s ‘income-generating platform’ is being widely shared on social media. The video purportedly shows them urging Indian citizens to invest Rs 21,000 in the project, promising returns of Rs 15 lakh in a month. Let’s verify the authenticity of this…
Read More “Deepfake Shared As N Sitharaman, RBI Chief Endorsing Investment Project” »
Shaktikanta Das | Photo Credit: Thulasi Kakkat RBI Governor Shaktikanta Das on Monday (November 18, 2024) asked banks to proactively monitor their portfolios, identify areas of over-concentration, and take pre-emptive measures to address potential risks and challenges. The Governor also asked bank boards to strengthen the internal governance framework to curb unethical practices, such as…
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“While such practices may yield short-term gains, they ultimately expose the bank to significant long-term risks, including reputational damage, supervisory scrutiny, and financial penalties,” Shaktikanta Das said in a keynote address at the Conference of Directors of Private Sector Banks here. | Photo Credit: Thulasi Kakkat RBI Governor Shaktikanta Das on Monday (November 18, 2024)…
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RBI Monetary Policy: The repo rate is the interest rate at which the RBI lends money to commercial banks. The Reserve Bank of India’s Monetary Policy Committee (MPC) wrapped up its three-day deliberations today, deciding to maintain the repo rate at 6.5 per cent for the fourth consecutive time this fiscal year and the tenth…
Reserve Bank of India (RBI) Governor Shaktikanta Das delivers the Monetary Policy statement, in Mumbai. File photo | Photo Credit: PTI The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday (October 9, 2024) decided to keep the policy repo rate unchanged at 6.50% for the 10th consecutive time. Of the six members of…
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The Monetary Policy Committee had last changed the key interest rate in February 2023. New Delhi: The Reserve Bank of India (RBI) has kept its key interest rate unchanged for the tenth consecutive time, its governor Shaktikanta Das announced today. A six-member Monetary Policy Committee (MPC) headed by Mr Das kept the repo rate unchanged…
Read More “RBI Keeps Key Lending Rate Unchanged At 6.5% For 10th Consecutive Time” »