Speeches & Media Interactions

Sir I will start with the big picture question. You are back in the day before the RBI became a flexible inflation targeting central bank. Governors would often lay down their priorities in the annual statement which would give us a sense of the current context. Let me go back to that practice and ask you what your current priorities at the institution are given the economic situation: See for the central bank, especially a central bank like the RBI and its multifario

Q1. Governor thus, thank you very much for talking with us. Of course the issue of the day is coronavirus and many discussions around what policymakers might be able to do. Do you agree that there's a case for coordinated central bank action in response? A. That is definitely in a strong reason for coordinated policy action because coronavirus has now turned out to be a global problem so when the problem is a global naturally the need for coordination at coordinated a

It’s been more than a year now for you as RBI Governor, coming after exits of two governors and one deputy governor. How has the year been in terms of RBI-government relationship? For the central bank, it’s never a dull moment, especially in today’s world, and I’m saying so not just in the context of RBI, but for all central banks. Economies across the world are changing so fast, with new technologies, new business models, new challenges. So, the central bank will alw

February 06, 2020 Participants from RBI: Mr. Shaktikanta Das – Governor, Reserve Bank of India Mr. N. S. Vishwanathan – Deputy Governor, Reserve Bank of India Mr. B. P. Kanungo – Deputy Governor, Reserve Bank of India Mr. Mahesh Kumar Jain – Deputy Governor, Reserve Bank of India Dr. Michael D. Patra – Deputy Governor, Reserve Bank of India Mr. T. Rabi Sankar – Executive Director, Reserve Bank of India Shaktikanta Das: Good afternoon. I welcome all the media persons a

The central bank is awaiting the report of a forensic audit into Punjab & Maharashtra Co-operative (PMC) Bank and will have greater clarity on repaying depositors within a few weeks, says RBI governor Shaktikanta Das? It will take a few more quarters to see if signs of growth revival visible now are sustainable, Reserve Bank of India (RBI) governor Shaktikanta Das tells Shritama Bose and Malini Bhupta. The central bank is awaiting the report of a forensic audit in

It is over three years now from when the Monetary Policy Committee (MPC) was first constituted. The term of the present MPC will end in 2021. How has been the experience with the MPC? On the whole, the inflation targeting has worked well, in many senses. Number one, it is a committee-based approach, so more minds are going into decision-making. There are three external experts which bring in outside perspective. This definitely improves the quality of decision-making

Q1. Earlier this year you had referred to the Panglossian mood. Has the mood changed? A. Pangloss, if you see the character, was excessively obsessive. When somebody was drowning, he kept on saying this also will be alright. What I had told was that there are challenges, but there is no point in maintaining a mood of gloom and doom. At the same time, I said don’t maintain a Panglossian countenance and do nothing about it. There are challenges. You have to deal with it

December 05, 2019 Participants from RBI: Mr. Shaktikanta Das – Governor, Reserve Bank of India Mr. N. S. Vishwanathan – Deputy Governor, Reserve Bank of India Mr. B. P. Kanungo – Deputy Governor, Reserve Bank of India Mr. M. K. Jain – Deputy Governor, Reserve Bank of India Dr. Michael D. Patra – Executive Director, Reserve Bank of India Mr. Rajeshwar Rao – Executive Director, Reserve Bank of India Ms. Lily Vadera – Executive Director, Reserve Bank of India Mr. T. Rabi

October 4, 2019 Participants from RBI: Mr. Shaktikanta Das – Governor, Reserve Bank of India Mr. N. S. Vishwanathan – Deputy Governor, Reserve Bank of India Mr. B.P. Kanungo – Deputy Governor, Reserve Bank of India Mr. M. K. Jain – Deputy Governor, Reserve Bank of India Dr. Michael D. Patra – Executive Director, Reserve Bank of India Shaktikanta Das: Good Morning. I will make the usual customary statement in the beginning following which we will have questions and ans

Interviewer: Mythili Bhusnurmath In the last monetary policy review, the MPC and the RBI reduced the GDP estimate marginally to 6.9%. Since then, we have seen that the numbers for the last quarter came in much lower. In hindsight, how would you look at GDP now? The first quarter number came as a surprise. In fact, almost everybody had projected more than that. We had projected 5.8% for Q1 and all others had projected around 5.5%. So, the Q1 GDP number came as a big su