Speeches & Media Interactions

CNBC TV18 Central bankers have been at the centre of action, the saviours for the economy; be it from the ravages of COVID or now, to rapidly rollback inflation. The Reserve Bank of India has also been the first line of defence for the country, and it made that position very clear when on May 4th, we had that unexpected off-cycle rise in rates. Inflation, nevertheless, is at 7.8 per cent. The man on the hot seat, the RBI governor is with us. Governor, thank you very m

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

Participants: Smt. Nirmala Sitharaman, Hon’ble Finance Minister, Government of India Dr. Bhagwat Kishanrao Karad, Minister of State for Finance, Government of India Shri Shaktikanta Das, Governor, Reserve Bank of India Shaktikanta Das: Good afternoon friends! The Board meeting took slightly longer than we had anticipated. I would like to welcome all the media representatives who have made it convenient to participate in this interaction. Earlier today, we had the Fina

Participants from RBI:Shri Shaktikanta Das – 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 Shri S. C. Murmu – Executive Director, Reserve Bank of India Shri Yogesh Dayal – Chief General Manager, Reserve Bank of India (moderator) Shaktikanta Das: Yogesh. We can start. I think everybody has joined the

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 Shri Yogesh Dayal – Chief General Manager, Reserve Bank of India (moderator) Shaktikanta Das:Good morning everyone. Welcome to this press conference. I

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 Shri Yogesh Dayal – Chief General Manager, Reserve Bank of India Yogesh Dayal (Moderator): Welcome to the post Monetary Policy Press Conference on Octo

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

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 Shri Yogesh Dayal – Chief General Manager, Reserve Bank of India Shaktikanta Das: Good afternoon to all the participants. Welcome. I handover to the he

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

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 Shri Yogesh Dayal – Chief General Manager, Reserve Bank of India Shaktikanta Das: I would request the head of our Communication Department, Shri Yogesh

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 – Executive Director, Reserve Bank of India Shri Yogesh Dayal – Chief General Manager, Reserve Bank of India Yogesh Dayal (Moderator): Hello, and welcome to this post policy press conference f

What is your assessment of the economy? Growth impulses are gradually and steadily getting broad-based. The high-frequency indicators such as steel consumption, PMI for manufacturing and services are expanding, GST collections and e-way bills are showing improvement. Earlier, there was an impression that it was due to pent-up and festival demand. But now, it is genuine demand that is visible. The vaccination drive is giving greater confidence to consumers, so the dema

Edited Excerpts: Q: Let me start with the budget itself and this big borrowing programme, the four auctions after that have practically been either partially failed or fully failed. Do you think the bond market has not got your message, do you want to give a message to the bond market? A: If you go back into my monetary policy statements, right from October onwards – October and then again in February – I have given a very clear signal and explicit guidance to the bon

Participants from RBI: Shri Shaktikanta Das – Governor, Reserve Bank of India Shri B.P. Kanungo – Deputy 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 Yogesh Dayal – Chief General Manager, Reserve Bank of India Yogesh Dayal (Moderator): Good afternoon, all of you. I welcome the Governor and Deputy

Q1. Has it been an RBI throne or a crown with thorns? How has the two years been as RBI Governor? A: The position has been one of great responsibility. There have been two types of situations. It has been a great opportunity to work towards the betterment of the economy of this country. However, there have been challenges and difficulties. Q2. You have been successful in coming out of the image of your predecessors who were perceived to be reclusive. You have a very c

It has been two years since you became the governor. How do you describe the challenges in this role compared to your previous role as a bureaucrat? There have been several challenges and it is difficult to segregate one from the other. The pandemic is the biggest health crisis in a century leading to an economic one. The event by itself is once in 100 years. The level of direct accountability with the governor is very high. In RBI, the buck stops with the governor. W

Participants from RBI: Shri Shaktikanta Das – Governor, Reserve Bank of India Shri B.P. Kanungo – Deputy 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 Yogesh Dayal – Chief General Manager, Reserve Bank of India Yogesh Dayal (Moderator): It is really a great pleasure to have all of you here in this

In his first media interaction since the nationwide lockdown took effect to contain the spread of COVID-19, Reserve Bank of India Governor Shaktikanta Das told Cogencis that the central bank is yet to take a view on budget deficit monetisation or private placement of bonds. Below is the full transcript of the Governor's interview to Cogencis: (Note – Some elements of the transcript may be used with an attribution to Cogencis) Q. RBI has emerged as the first line of de