RBI Governor MPC Press Conference Live updates

RBI Monetary Policy Live updates: Sep 8 review of incremental CRR to be internal RBI review, says RBI Governor Shaktikanta Das

RBI Monetary Policy Live updates: Response to 14-day VRRR could have been better. There is no proposal to do VRRR on a daily basis, says RBI Governor Shaktikanta Das.

RBI Monetary Policy Live updates: Will release credit loss guidelines for banks in a short time, says Dy Guv Swaminathan

RBI Monetary Policy Live updates: 4.3% is a comfortable level for inflation

4.3% is a comfortable level for inflation. There have been shocks which were unanticipated. May CPI was aligned with inflation target, says Dy Guv Patra

RBI Policy live update: Central Bank’s update on ICRR

• Liquidity amounting to a little above Rs 1 lakh crore crore will get impounded due to incremental cash reserve ratio
• ICRR applicable to all scheduled banks
• Review of ICRR will depend on GST payments and credit offtake
• we are always nimble in our liquidity actions

RBI Policy live update: Banks have to take into account the age factor, payment capacity when deciding tenor of loans, says Shaktikanta Das

RBI Monetary Policy Live updates: UPI has become internationally recognised widely as efficient and payment system, says Das

UPI has become internationally recognised widely as efficient and payment system, RBI Governor Shaktikanta Das.

Discussions underway with a few other countries, including some advanced countries, to link UPI with their system, he added.

RBI Monetary Policy Live updates: On UPI linkage with other countries payment systems, RBI Governor Shaktikanta Das said that we have already done with Singapore

RBI Monetary Policy Live updates: On UPI linkage with other countries payment systems, RBI Governor Shaktikanta Das said that we have already done with Singapore and MoU with UAE has been signed and it is a work in progress

RBI Monetary Policy Live updates: External sector is resilient. India’s forex buffers are strong, says RBI Governor Shaktikanta Das

RBI Live updates: Financial sector stability is well maintained, says RBI Governor Shaktikanta Das

RBI Live updates: There are temporary pressures on liquiidty during tax payemtns to govt, says RBI Governor Shaktikanta Das

RBI Live updates: With 87% of Rs 2000 coming back in the form of deposits there is a liquidity overhang, says RBI Governor Shaktikanta Das

RBI Live updates: We are sensitive to cash requirements ahead of festival season, says RBI Governor Shaktikanta Das

RBI Live updates: We have other policy instruments, not just rates, to tackle inflation, says RBI Governor Shaktikanta Das

RBI Live updates: ICRR was necessary in the light of liquidity overhang, says RBI Governor Shaktikanta Das

ICRR was necessary in the light of liquidity overhang, says RBI Governor Shaktikanta Das. The Reserve Bank of India (RBI) has asked banks to maintain an incremental Cash Reserve Ratio (ICRR) of 10 per cent on the increase in their deposits between May 19 and July 28 to suck out excess liquidity in the banking system.

There will be enough liquidity left with banking system after ICRR, the Governor has observed.

RBI Live updates: Recent CPI inflation expected to be short lived, says RBI Governor Shaktikanta Das

RBI Live updates: Monetary policy has made significant progress on price stability. We need to remain watchful and not resort to knee jerk reactions, says RBI Governor Shaktikanta Das

RBI Live updates: India is emerging as new growth engine of the world, says Shaktikanta Das