Which of the two approaches proves most effective will shape the lessons a generation of officials take from the pandemic.
In April, the six-member monetary policy committee had voted unanimously for a status quo on the key rates
Despite admitting to price pressures both from food items and input prices, RBI Governor Shaktikanta Das hoped that a normal Southwest monsoon will have a "soothing impact" on inflation pressures
Reserve Bank is running some of its key operations from a 250-member-strong quarantine centre -- a souped-down version of war-room it had set up in mid-March last year, says Governor Shaktikanta Das
The RBI has announced a few steps to encourage small finance banks (SFBs) to increase the credit flow to small borrowers
Unless the Reserve Bank comes forward and helps banks to handhold the MSME borrowers, bad loans will swell in the September quarter
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Narasimham also founded the credit planning cell in RBI, which became the monetary policy department
What really became the centerpiece of the policy outcome was the announcement of the secondary market G-sec acquisition programme which the bond market needed the most
Chakrabarty was the deputy governor of the central bank between June 15, 2009 and April 25, 2014 when he left office three months before to his term ended
The sector has been rendered vulnerable by the pandemic necessitating concerted effected effects to combat the stress and focus on the revival of the sector
Das said the momentum is likely to sustain
This is the fourth time in a row that MPC has decided to keep the policy rate unchanged at 4%. The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth
RBI governor warned earlier this week about the rally, citing the disconnect between the markets and the economy as well as expectations that bad-loan ratios at lenders will almost double this year
Economists praise Shaktikanta Das for his pragmatism and willingness to face challenges head on
Reserve Bank Governor on Friday said growth rate is likely to turn positive in the second half of the current financial year.
Shaktikanta Das said that monetary policy guidance in October emphasised the need to see through temporary inflation pressures