Stay alert, strengthen governance standards: RBI Guv to NBFCs, HFCs
The stakeholders also discussed prioritizing the upgradation of IT systems and cyber security amid the increase in the use of technology applications.
The stakeholders also discussed prioritizing the upgradation of IT systems and cyber security amid the increase in the use of technology applications.
With the latest official data indicating a cooling off in the headline inflation to 4.7 per cent in April, RBI Governor Shaktikanta Das said that it proves the monetary policy is on the right track, here on Friday.
On Thursday, RBI retained its key short-term lending rates during the sixth and final monetary policy review of FY22.
The governor also said that maintaining banking sector health with a strong capital base and ethics-driven governance remains a policy priority.
The Governor also assured the industry that "RBI is battle ready... whatever measures are required will be taken by the RBI".
Das, in his address, said both private and public sectors have to play an important role in developing infrastructure that requires huge investments.