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The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

Shaktikanta Das asks bankers why they aren't cutting lending rates

The meeting focused only on effective transmission of monetary policy, another banker who attended the meeting said.

22 Feb 2019 10:21 AM IST

One of the most important sectors from which bank generate its income is through the Home Loan department.

Banks unwilling to reduce loan rate despite RBI's call

The RBI cut the repo rate by 25 basis points to 6.25 per cent in its monetary policy review earlier this month.

22 Feb 2019 1:48 AM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

Lose fiscal, monetary policies not to boost economy; growth to slow...

Fiscal and monetary policies are turning expansionary but are unlikely to change the near-term trajectory,says Nomura...

20 Feb 2019 1:36 PM IST

Shaktikanta Das

RBI toes government's line

There shouldn't be any harm to the nation's finances if the subsidies and handouts don't lead to any inflationary...

20 Feb 2019 3:00 AM IST

Shaktikanta Das on Tuesday was appointed as the new governor of the Reserve Bank of India, a day after his predecessor Urjit Patel resigned. (Photo: File | PTI)

Will meet bank heads on Feb 21 on transmission of rate cut:...

Earlier this month, the Reserve Bank cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.

18 Feb 2019 1:12 PM IST

Economic Affairs Secretary Shaktikanta Das

India's banks unlikely to match RBI's rate cut any time soon

A move of that size would have a negligible impact in boosting credit, or in reducing refinancing costs.

8 Feb 2019 3:48 PM IST

Shaktikanta Das on Tuesday was appointed as the new governor of the Reserve Bank of India, a day after his predecessor Urjit Patel resigned. (Photo: File | PTI)

RBI to cut rates again before elections, but no more: report

RBI unexpectedly reduced interest rates by 25 basis points - showed the central bank will make the same move next...

8 Feb 2019 11:47 AM IST

Shaktikanta Das

Interest rates likely to fall after surprise cut by RBI

Depositors, however, need not worry as the banks, in their bid to garner more deposits, are unlikely to cut rates...

8 Feb 2019 6:23 AM IST

Economic Affairs Secretary Shaktikanta Das

Cheaper EMIs, if banks permit

Given the mismatch in the credit to deposit ratio, there are fears about the possibility of banks not passing on the...

8 Feb 2019 12:02 AM IST

Economic Affairs Secretary Shaktikanta Das

It's govt right to demand interim dividend and use it the way its...

Payment of surplus or interim dividend to the government is a part of the RBI Act, says RBI Governor.

7 Feb 2019 4:45 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI to ensure adequate liquidity to all sectors

Total durable liquidity injected through open market operations has reached Rs 2.36 lakh crore.

7 Feb 2019 1:25 PM IST

Economic Affairs Secretary Shaktikanta Das

RBI cuts key rate by 25 bps, changes stance to neutral

Four of six members of the MPC voted to cut the rates, while all six members voted for a change in the stance.

7 Feb 2019 12:08 PM IST