Shaktikanta Das, RBI and NBFCs
RBI governor Shaktikanta Das warns NBFCs on ‘aggressive growth’
RBI Governor Shaktikanta Das cautioned NBFCs against pursuing 'growth at any cost,' which is intensifying retail credit growth concerns. He noted that driven by significant capital from investors, some NBFCs chase excessive returns,
Not appropriate to speak on rate cut now: RBI Governor Shaktikanta Das
RBI Governor Shaktikanta Das on Wednesday said the confidence in inflation cooling down in the near future, resulting in a better balance between growth and price rise, led the central bank to change the policy stance to neutral.
RBI governor Shaktikanta Das warns NBFCs against pursuing unsustainable practices to push growth
RBI governor warns NBFCs against unsustainable practices, emphasizes need for sustainable growth and risk management frameworks.
Sept retail inflation may jump due to base effect: RBI governor Shaktikanta Das
Retail inflation in September is expected to rise due to a poor base effect and increasing food prices, especially onions, potatoes, and chana dal. RB
RBI MPC announcements: GDP growth rate for 2024-25 projected to be 7.2%, says Gov Shaktikanta Das
Reserve Bank of India Governor Shaktikanta Das estimated real GDP for 2024-25 to be 7.2 per cent. He projected real GDP for 2024-25 Q2 at 7 per cent, Q3 at 7.4 per cent, and Q4 at 7.4 per cent in the 51st meeting of the MPC.
Shaktikanta Das says elevated rates not impinging growth
After opting for a status quo for the tenth consecutive policy review, Governor Shaktikanta Das on Wednesday said Reserve Bank's elevated rates are not impinging on growth. He pointed to the strong economic activity over the last 18 months since the RBI has opted for the status quo to back up his claim.
RBI MPC Meeting: Governor Shaktikanta Das has some strong messages for NBFCs
Banking Financial Companies (NBFCs) are aggressively pursuing growth without proper administration, said Reserve Bank of India (RBI) Governor Shaktikanta Das while announcing the decisions during the bi-monthly Monetary Policy Committee (MPC) on Wednesday.
RBI governor Shaktikanta Das projects inflation to reach 4.5% in FY25
In his post-Monetary Policy Committee (MPC) meeting address, Governor of Reserve Bank of India Shaktikanta Das shared that the committee expects the inflation to reach the mark of 4.8 per cent in the third quarter of the current financial year (Q3FY25) with the hopes of annual inflation taming down to 4.
'Indian economy presents... ': RBI chief Shaktikanta Das's big confidence in India’s growth story
RBI Governor Shaktikanta Das emphasised India's economic stability and strength, highlighting declining inflation and robust growth. He noted rising foreign exchange reserves, fiscal consolidation, and a resilient financial sector.
RBI Governor Shaktikanta Das says elevated rates not impinging growth, points to high growth in recent quarters
RBI Governor Shaktikanta Das states elevated rates aren't hindering growth, citing strong economic activity and robust investment intentions.
High policy rate not impinging on growth, economic activity well sustained: RBI Guv Das
Reserve Bank Governor Shaktikanta Das has stated that elevated interest rates are not hindering economic growth, which remains robust. The RBI kept the policy rate unchanged, with growth projected at 7.
'Inflation horse may bolt again': Shaktikanta Das warns as FY25 estimate stays at 4.5%; Deepak Shenoy calls it 'ludicrous'
While maintaining the retail inflation estimate for FY25 at 4.5%, Das warned, "We have to be very careful about opening the ...
War on inflation is almost won: RBI Governor Das
MUMBAI: The Reserve Bank on Wednesday retained the retail inflation projection at 4.5% for fiscal 2025, with Governor ...
RBI Monetary Policy Meeting LIVE Updates: FY25 GDP growth estimates retained at 7.2%, says RBI Governor Shaktikanta Das
The RBI’s rate-setting panel kept the benchmark repo rate unchanged at 6.5% for the tenth straight meeting. The policy stance ...
RBI Monetary Policy: Shaktikanta Das announces breakthrough decision on pre-payment penalty
The Reserve Bank of India Governor Shaktikanta Das on Wednesday, while announcing Monetary Policy decision, said that banks ...
Das asks NBFCs to follow ‘compliance first’ culture
The Reserve Bank; which has been repeatedly flagging bad practices at NBFCs, MFIs and gold loan companies in the past; on ...