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‘Grateful For Constant Support’, Shaktikanta Das Bids Farewell As RBI Governor

10 Dec 2024

Shaktikanta Das, the 25th Governor of the Reserve Bank of India (RBI), has bid farewell after a transformative six-year tenure, leaving behind a legacy of steady leadership through some of the most challenging times in India's economic history. As Das steps down on Tuesday, his legacy will be remembered for...

Who Is Sanjay Malhotra, The New RBI Governor? Education, Career And More

09 Dec 2024

The central government has appointed Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI). Malhotra will succeed Shaktikanta Das, whose term is set to conclude on December 10, 2024. Malhotra's appointment makes him the 26th governor of India's central bank. 1990-batch IAS officer Sanjay Malhotra, a...

Shaktikanta Das Reacts To Trump’s Tariff Threats; Dismisses De-Dollarization

06 Dec 2024

RBI Governor Shaktikanta Das has downplayed concerns over US President-elect Donald Trump’s tariff threats against BRICS nations (Brazil, Russia, India, China, and South Africa). Speaking on December 6, 2024, Das called it premature to react to Trump’s remarks, adding that it would be prudent to wait for clearer US policy...

RBI keeps Repo Rate Unchanged. What It Means For Banks And You?

06 Dec 2024

In a move aimed at boosting liquidity and supporting economic growth, Reserve Bank of India (RBI) Governor Shaktikanta Das announced a 50 basis point reduction in the Cash Reserve Ratio (CRR) on December 6, 2024. The CRR cut, which will be implemented in two phases—on December 14 and December 28—is...

RBI Set To Announce Decision On key Interest Rate On Dec 6

05 Dec 2024

The Reserve Bank of India (RBI) is set to announce its decision on key interest rates Friday morning, following the conclusion of its three-day monetary policy meeting. With inflation still high and GDP growth showing signs of weakness, experts anticipate that the central bank will likely keep the short-term lending...

RBI Governor Shaktikanta Das Admitted To Hospital

26 Nov 2024

In the latest development, the Reserve Bank Of India (RBI) Governor Shaktikanta Das was admitted to hospital in Chennai due to a minor health issue. In a statement from RBI said that he had acidity and so was admitted to the Apollo Hospital in Tamil Nadu. Giving an update on...

RBI Governor Shaktikanta Das Honored with A+ Grade in Global Finance Report

27 Oct 2024

On October 26, Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), was awarded the prestigious A+ grade in the Central Bank Report Cards 2024, marking the second consecutive year he has received this honor. The accolade was presented during an event held by Global Finance in Washington...

Repo Rate: How RBI Uses This Monetary Policy Tool To Regulate Inflation

09 Oct 2024

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to keep the key repo rate unchanged at 6.5% for the tenth consecutive meeting. RBI Governor Shaktikanta Das indicated that five out of the six committee members supported this decision. He explained that after assessing the macroeconomic conditions...

RBI’s Monetary Policy Committee Meeting Starts Today, Policy Decision Expected

07 Oct 2024

India's central bank-The Reserve Bank Of India will begin its three-day Monetary Policy Committee (MPC) meeting today, which will run from October 7 to October 9. The policy decision is expected on October 9. This meeting follows the U.S. Federal Reserve's September 18 decision to cut interest rates by 50...

RBI Governor Shaktikanta Das Tops Global Central Banker Rankings For 2nd Consecutive Year

21 Aug 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das has been recognized as the leading central banker globally for the second year in a row, according to the latest rankings by US-based Global Finance magazine. Das received an 'A' rating in the Global Finance Central Banker Report Cards 2024, placing him...