Governor Shaktikanta Das – The News Desk

MUMBAI: Asserting that the inflation target is 4 per cent, Reserve Bank Governor Shaktikanta Das on Friday said the monetary policy, therefore, will have to remain "actively disinflationary" so that prices come down on a durable basis. For the fourth time in a row, the RBI's rating setting panel MPC (Monetary Policy Committee) earlier in the day left all the key policy rates unchanged, reiterating its focus to be inflation control, along with managing liquidity adequately, so that the economy and the public have adequate liquidity at their disposal. Admitting that inflation remains above the tolerance and vulnerable to the recurring and overlapping food price shocks, the governor told reporters that "declining core inflation is a silver lining, but headline CPI inflation remains vulnerabl...

Reserve Bank of India (RBI) Governor Shaktikanta Das has emphasised the need to avoid the excessive dominance of one or two directors in the functioning of bank boards. He has urged directors to engage in open and frank discussions, and to be proactive in questioning bank operations. Addressing directors of urban cooperative banks (UCBs), Das noted that the RBI had observed such undue influence even in major commercial banks. When identified, the RBI has advised these banks against such practices. The governor first addressed UCB directors on August 30, 2023, and the video of his remarks was released on Monday. Das asserted that directors in UCBs, who are elected to their positions, must possess expertise in diverse banking functions, including risk management and inf...

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Governor Shaktikanta Das says RBI remains actively disinflationary

RBI Guv calls for reduced dominance of individual directors on bank boards