Receding inflation pressures across economies, though still above targets in some advanced nations, have opened space for more accommodative monetary policies in the coming months, the Governor noted.
“No regulator can, or should, substitute for boardroom judgment. Especially in a diverse country like ours, each case, each loan, each deposit is different—different risks, different opportunities,” Malhotra said.
RBI Governor Sanjay Malhotra clarified that minimum balance requirements for savings accounts are set by individual banks, not regulated by RBI. This follows ICICI Bank’s recent hike in minimum balance limits, sparking customer concerns and social media criticism.
Reserve Bank of India (RBI) Governor Sanjay Malhotra asserted that the measures taken to combat money laundering should not be overzealous, as they could stifle legitimate activities and investments.
Reserve Bank of India Governor Shaktikanta Das was admitted to a private hospital in Chennai late on Monday night after he complained of uneasiness. According to the hospital, his condition now is stable and there is no cause for concern.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday emphasised the critical role of fiscal-monetary coordination in navigating India through a series of external economic shocks.
Discusses expansion potential
RBI Governor said the Indian economy had made rapid gains and has gradually integrated with the global economy over the years.
On May 19, RBI decided to withdraw the Rs 2,000 denomination currency notes from circulation, but said it will continue to remain as legal tender.
There are chances of India's gross domestic product (GDP) for FY23 crossing the estimated 7 per cent growth going by the trends, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday.
