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…
Three auctions of government securities conducted by RBI got devolved as market participants stayed away from buying bonds.
At 1.20 p.m., Sensex was trading 283.74 points higher at 40,466.41 levels while the Nifty was at 11,903.70, up by 69.10 points.
Consequently, the reverse repo rate, at which the RBI borrows from lenders, stood at 3.35 per cent.
The Governor also assured the industry that "RBI is battle ready... whatever measures are required will be taken by the RBI".
The governor said, rather than becoming averse to lending, banks have to improve their risk management and governance frameworks, and also build sufficient resilience.