Speeches & Media Interactions

Participants from RBI: Shri Shaktikanta Das – Governor, Reserve Bank of India Shri M. K. Jain – Deputy Governor, Reserve Bank of India Dr. Michael D. Patra – Deputy Governor, Reserve Bank of India Shri T. Rabi Sankar – Deputy Governor, Reserve Bank of India Dr. O. P. Mall – Executive Director, Reserve Bank of India Shri Saurav Sinha – Executive Director, Reserve Bank of India Shri R. Subramanian – Executive Director, Reserve Bank of India Dr. Rajiv Ranjan – Executive Director, Reserve Bank of India Moderator: Shri Yogesh Dayal – Chief General Manager, Reserve Bank of India  ​

Sukumar Ranganathan Good afternoon, everyone. I have with me Mr. Shaktikanta Das, who really needs no introduction, the Governor of the Reserve Bank of India; and I think we can all safely say that his has been one of the reassuring voices, every time when he comes on television to present his policy, especially over the last two years in the course of the pandemic. The Bank has seen us through a really tough phase, and there are challenges ahead, so he and I are goin

Participants from RBI: Shri Shaktikanta Das – Governor, Reserve Bank of India Shri M. K. Jain – Deputy Governor, Reserve Bank of India Dr. Michael D. Patra – Deputy Governor, Reserve Bank of India Shri M. Rajeshwar Rao – Deputy Governor, Reserve Bank of India Shri T. Rabi Sankar – Deputy Governor, Reserve Bank of India Dr. O. P. Mall – Executive Director, Reserve Bank of India Dr. Rajiv Ranjan – Executive Director, Reserve Bank of India Moderator: Shri Yogesh Dayal –

ज़ी बिजनेस आरबीआई ने कोविड-19 पेंडेमिक के समय देश के बैंकिंग सिस्टम और अर्थव्यवस्था को बड़े मुश्किल दौर से निकालने का काम किया है। ब्याज दरों में तेज कटौती करके, सिस्टम में लिक्विडिटी डालकर, जरूरत पड़ने पर मोराटोरियम देकर और साथ ही साथ लोंस की रिस्ट्रक्चरिंग को आसान करके, अर्थव्यवस्था को उस वक्त जिस बड़े सहारे की जरूरत थी, बैंकिंग सिस्टम को थी, वह काम किया। लेकिन आरबीआई का काम ऐसा है कि चुनौतियां कभी खत्म नहीं होती। अभी भी कुछ बड़ी और नई चुनौतियां हैं, दुनिया भर से भी, और हमारी अपनी भी। एक ओर महंगाई तेजी से बढ़ती जा रही है, ब्याज दरें बढ़ रही है और दूसरी तरफ मजबूत अर्थव्यवस्था में ग्रोथ बरकरार रखने की चुनौतियाँ है। आइए इसी खास मुद्दे पर आज हमारे साथ एक बेहद खास मेहमान, भारतीय रिज़र्व बैंक के गवर्नर श्री शक्तिकान्त दास साहब कार्यक्रम में शामिल हो रहे हैं।

The Indian economy has emerged as a strong economy post the COVID crisis. Thanks to the Jugalbandi between the Reserve Bank of India and the Government of India; the Indian economy on a relative basis and also an absolute basis now, clearly is on a pedestal positioning. But the challenges of yesterday are different, and the challenges of today are, in a sense, centred around inflation, geopolitical crisis and a high-interest rate regime. So to understand, what is the

Participants From RBI: Shri Shaktikanta Das – Governor, Reserve Bank of India Shri Mahesh Kumar Jain – Deputy Governor, Reserve Bank of India Dr. Michael D. Patra – Deputy Governor, Reserve Bank of India Shri M. Rajeshwar Rao – Deputy Governor, Reserve Bank of India Shri T. Rabi Sankar – Deputy Governor, Reserve Bank of India Moderator: Shri Yogesh Dayal – Chief General Manager, Reserve Bank of IndiaYogesh Dayal: Hello and welcome to this post Policy Conference. With

Participants From RBI: Shri Shaktikanta Das – Governor, Reserve Bank of India Shri Mahesh Kumar Jain – Deputy Governor, Reserve Bank of India Dr. Michael D. Patra – Deputy Governor, Reserve Bank of India Shri M. Rajeshwar Rao - Deputy Governor, Reserve Bank of India Shri T. Rabi Sankar - Deputy Governor, Reserve Bank of India Moderator: Shri Yogesh Dayal - Chief General Manager, Reserve Bank of India Yogesh Dayal: Hello and welcome to this post policy conference. It's

TANVIR GILL: To discuss India’s economic and monetary policy outlook, I’m joined by a very special voice from India. I’m joined by the honourable governor of the Reserve Bank of India, Mr. Shaktikanta Das, in his first TV interview with an international business channel since he took office in December 2018. Sir, it’s great to have you on the show. Thank you very much Governor for joining us for this CNBC Exclusive. SHAKTIKANTA DAS: Thank you. TANVIR GILL: I would lik

Edited excerpts: Since the last monetary policy statement, have you seen any positive signs in the economy? Whatever I said in my last interview, by and large, holds good even today. There are signs of recovery; there are signs of some of the fast moving indicators improving. Passenger vehicles, sequentially, have improved marginally. Several of the fast moving indicators that include GST collections, e-way bills, railway freight, have improved over the position a mon

It is not like any other year, when inflation goes up, you start tightening the monetary policy: RBI Governor Shaktikanta Das Over the last few months, the government has taken steps to address the price rise in pulses, edible oils as also the imported inflation, but we do expect more measures from both the Centre and states to soften the pace of inflation. By Shobhana Subramanian and KG Narendranath Retail inflation print stayed above the upper band of the Reserve Ba

Reserves remove doubt on ability to act: RBI Governor Shaktikanta Das Economic activities are expected to improve further going into July or into the second half, says Governor Das The Reserve Bank of India (RBI) is mindful of the entire yield curve and is not just focused on the 10-year bond. However, the 10-year bond has a larger impact on other rates. Hence, the central bank’s intervention in it was greater than in other papers, said RBI Governor Shaktikanta Das 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

December 5, 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 to everyone. I will first read out my statement after which we will entertain questions and other interve

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

Edited excerpts from the interview. We are meeting at a time when suddenly the global environment is charged up with the explosion at the Aramco oil refinery. Does this disturb your view of the space that monetary policy has? Before commenting specifically on monetary policy, I would like to take a little longer to analyze various consequences and how the situation is playing out in the next few days because this incident happened just a day or two ago. So we should a

August 07, 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. Mahesh Kumar Jain – Deputy Governor, Reserve Bank of India Dr. Michael D. Patra- Executive Director, Reserve Bank of India Shaktikanta Das: Good afternoon! I will first make the statement on Part A, that is, the matter covering the resolution of the MPC

February 7, 2018 Participants from RBI: Dr. Urjit R. Patel – Governor Mr. N. S. Vishwanathan – Deputy Governor Dr. Viral V. Acharya – Deputy Governor Mr. B. P. Kanungo – Deputy Governor Dr. M. D. Patra – Executive Director Dr. Urjit R. Patel: Good afternoon, everyone. Welcome to the post Bi-Monthly Meeting Press Conference. As you know, the MPC reviewed current and evolving macroeconomic and financial conditions at its meeting today and decided to keep the policy rate

Participants from RBI: Dr. Urjit R. Patel – Governor, Reserve Bank of India Mr. R. Gandhi – Deputy Governor, Reserve Bank of India Mr. S.S. Mundra – Deputy Governor, Reserve Bank of India Mr. N.S. Vishwanathan – Deputy Governor, Reserve Bank of India Dr. Michael D. Patra – Executive Director, Reserve Bank of India Moderator: Ms. Alpana Killawala – Principal Adviser Moderator: Good Day, Ladies and Gentlemen and Welcome to the RBI’s Fourth Bi-Monthly Monetary Policy Med

Participants from RBI: Dr. Raghuram G. Rajan – Governor Shri Harun R. Khan – Deputy Governor Dr. Urjit R. Patel – Deputy Governor Shri R. Gandhi – Deputy Governor Shri S.S. Mundra – Deputy Governor Moderator: Ms. Alpana Killawala – Principal Adviser, Communications Moderator: Ladies and Gentlemen, Good Day, and Welcome to the First Bi-Monthly Monetary Policy Governor’s Teleconference with Media. As a reminder, all participant lines will be in the listen-only mode and

Participants from RBI: Dr. Raghuram G. Rajan – Governor Shri H.R.Khan – Deputy Governor Dr. Urjit R. Patel – Deputy Governor Shri R. Gandhi – Deputy Governor Shri S.S. Mundra – Deputy Governor Dr. Michael D. Patra – Executive Director Moderator: Ms. Alpana Killawala – Principal Adviser, Communications Moderator: Good Day, Ladies and Gentlemen. Welcome to the Sixth Bi-Monthly Monetary Policy Governor’s Teleconference with Media. As a reminder, all participant lines wil