Media Interactions - RBI - Reserve Bank of India
Media Interactions
Dec 05, 2020
Edited Transcript of Reserve Bank of India’s Monetary Policy Press Conference: December 04, 2020
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
Shri Shaktikanta Das, Governor, Reserve Bank of India
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
May 04, 2020
Full transcript of RBI Governor’s interview to Cogencis, Tuesday, April 28, 2020
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
Shri Shaktikanta Das, Governor, Reserve Bank of India
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
Apr 27, 2020
Interview with Cogencis on April 27, 2020 – Shri Shaktikanta Das, Governor, Reserve Bank of India
Interviewers: T. Bijoy Idicheriah and Kalyan Ram from Cogencis. RBI has emerged as the first line of defence against the impact of COVID-19, and some may say, the only line of defence. Do you think more fiscal measures are needed for the relief package to be effective? Also, what is your advice to the government? Should they suspend FRBM or monetise deficit? Fiscal measures are important and the government is working on a package of measures. The finance minister has
Shri Shaktikanta Das, Governor, Reserve Bank of India
Interviewers: T. Bijoy Idicheriah and Kalyan Ram from Cogencis. RBI has emerged as the first line of defence against the impact of COVID-19, and some may say, the only line of defence. Do you think more fiscal measures are needed for the relief package to be effective? Also, what is your advice to the government? Should they suspend FRBM or monetise deficit? Fiscal measures are important and the government is working on a package of measures. The finance minister has
Mar 05, 2020
Interview with Bloomberg Quint – Shri Shaktikanta Das, Governor, Reserve Bank of India on March 5, 2020
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
Shri Shaktikanta Das, Governor, Reserve Bank of India
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
Mar 03, 2020
RBI Governor Shaktikanta Das speaks to Bloomberg Economics' Stephanie Flanders on coordinated policy action to the coronavirus fallout, Yes Bank and the Indian banking sector
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
Shri Shaktikanta Das, Governor, Reserve Bank of India
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
Feb 19, 2020
Interview with Indian Express on February 19, 2020 – Shri Shaktikanta Das, Governor, Reserve Bank of India
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
Shri Shaktikanta Das, Governor, Reserve Bank of India
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
Feb 07, 2020
Edited Transcript of Reserve Bank of India’s Sixth Bi-monthly Monetary Policy Press Conference
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
Shri Shaktikanta Das, Governor, Reserve Bank of India
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
Dec 24, 2019
Interview with the Financial Express on December 24, 2019 – Shri Shaktikanta Das, Governor, Reserve Bank of India
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
Shri Shaktikanta Das, Governor, Reserve Bank of India
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
Dec 23, 2019
Interview with The Hindu on December 23, 2019 – Shri Shaktikanta Das, Governor, Reserve Bank of India
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
Shri Shaktikanta Das, Governor, Reserve Bank of India
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
Dec 17, 2019
RBI Governor Shaktikanta Das Interview to Mint - Retail credit growth must sustain over 9 months
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
Shri Shaktikanta Das, Governor, Reserve Bank of India
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
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