Shaktikanta Das faces an increasingly tough balancing act
Das has worked tirelessly to restore relations with govt after a bitter public spat that led Urjit Patel to quit.
RBI’s Shaktikanta Das calls for tighter governance at Indian state-run banks
Describing the lack of strict norms as the "elephant in the room...
'RBI is working on strengthening its supervisory skills'
The central bank is in the process of setting up a college of Supervisors, in additi...
'State of economy discussed in detail': RBI Guv Das after meet with FM Sitharaman
Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy, including stress in the financial sector, at the meeting ...
FM reviews state of economy at FSDC meeting
Finance Minister Nirmala Sitharaman on Thursday reviewed the state of economy including stress in the financial sector at the meeting of the Financial Stability and Development Council.
'Working on amending co-operative bank act': RBI Guv Das on PMC Bank crisis
Reserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is u...
Closely monitoring situation at PMC Bank; forensic audit underway: RBI Guv
unjab & Maharashtra Cooperative Bank (PMC Bank), among the top 10 urban cooperative banks in the country, was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans. "PMC Bank situation is being closely monitored. Forensic audit is underway in PMC Bank case," Das told reporters.
FM to review state of economy at FSDC meeting on Thursday
According to sources, the meeting will take stock of various measures taken by the government to boost the sagging growth which hit a six-year low of 5 per cent in the first quarter of the current fiscal. The meeting will review the current global and domestic economic situation and financial stability issues.
US Treasury Secretary holds talks with RBI Governor over economy, regulatory developments
The two discussed "global and domestic macro-economic scenario in both countries and regulatory developments", according to an official statement from the central bank. Mnuchin, who is reportedly on a tour to build support against Iran over the country's nuclear programme, was accompanied by US Ambassador to India and Consul General in Mumbai David J Ranz, it said.
US treasury secretary to hold talks in India as pressure builds on Iran
US Treasury Secretary Steven Mnuchin will visit India as part of a tour to build support against Iran over its nuclear programme and its ties to militant networks. On Wednesday, the United States and six Gulf countries agreed to jointly impose sanctions on 25 corporations, banks and individuals linked to Iran's support for militant networks.
How Shaktikanta Das tackled five uncomfortable questions
The cut in FY20 real GDP growth projection was one of the bigger talking points after today's meeting.
RBI will do all it can to protect PMC depositors: Governor Shaktikanta Das
The PMC Bank issue rocked the banking system on September 24 after the central bank put restrictions on the Mumbai-based lender.
Shaktikanta Das defends placing Lakshmi Vilas under PCA
Based on each trigger point, the banks have to follow a mandatory action plan.
RBI will not let any co-operative bank to collapse, says Shaktikanta Das
Das said RBI would use prompt corrective action where ever appropriate.
View: Credit culture needs to change
There is a culture of hiding risks associated with a borrower at several points during credit approval.
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