Reserve Bank of India (RBI) Governor Shaktikanta Das said rapid advancement in technology has brought with it an avalanche of data, adding further that, the research department's role is to quickly process these data and derive meaningful inferences of relevance to policymaking.
The RBI Governor, speaking at the FIBAC 2022 Conference on Wednesday, said the central bank's focus is on promoting interoperability, cross-border linkages, and innovation.
The Governor of the Reserve Bank of India (RBI) Shaktikanta Das on Sunday said the central bank has been taking progressive measures to improve the availability of digital infrastructure for banking services.
RBI Governor Shaktikanta Das said that the Indian rupee has "held its own" and moved in an "orderly manner at a time of sharp depreciation in other currencies".
"At the same time, high levels of global debt, monetary policy tightening, risks associated with the cryptocurrency ecosystem and climate-related risks and more recently, geopolitical conflict posed threats to global financial stability."
SBI said it will link the savings bank deposits, with balance above Rs 1 lakh to the repo rate with current effective rate being 3.50 per cent per annum, which is 2.75 per cent below the present repo rate.
