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…
The governor also said that maintaining banking sector health with a strong capital base and ethics-driven governance remains a policy priority.
“We do realise that states and centre have their revenue pressures and require high sums of money to enable the country and people to come out COVID-19 stress,” Das said.
The inflation (retail) projection is revised to 5.2 per cent for Q4 of the current fiscal, Das said, adding vegetable prices are likely to remain soft in near term on the back of fresh arrivals in the market.
The scheme called, Retail Direct, will allow direct access to retail investors via the RBI in primary and secondary markets.
Consumer confidence, it said is reviving and business expectations of manufacturing, services and infrastructure remain upbeat.