RBI watchful of emerging risks; be cautious of tech disruptions: Guv Shaktikanta Das
Das said the matrix of financial stability is perhaps at its best, but the real challenge is to maintain it and improve upon it further.
Das said the matrix of financial stability is perhaps at its best, but the real challenge is to maintain it and improve upon it further.
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that India's domestic financial system is now in a much stronger position than it was before the country entered the period of the COVID crisis.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said, “e-Rupee has transformative potential and sees considerable scope for digitisation of payments.”
Governor Das discussed the multifaceted challenges confronting the global economy, emphasizing the intricate balance required in policymaking amidst these complexities.
As predicted by economists, the Reserve Bank of India’s Monetary Policy Committee (MPC) did not change the repo rate from…
Further, the governor said that India's exports in March, April and May this year have seen an upswing, which is evident of the sector's potential.
The decision was taken at the 589th meeting of the Central Board under the chairmanship of RBI Governor Shaktikanta Das, through video conference.
The loans would be for tenors of up to three years, said the RBI Governor Shaktikanta Das during a virtual address.
Das on Thursday said the RBI continues its work on a digital version of a fiat currency and is currently "assessing the financial stability implications of introducing such a Central Bank Digital Currency (CBDC)".
Speaking at the India Economic Conclave, Das said that now the world knows the dangers of the Covid-19 pandemic and it is not as in the case of 2020 when there was complete uncertainty.