
Governance gaps in some banks may make banking sector volatile: Shaktikanta Das
While these gaps have been mitigated, it is necessary that boards and the managements do not allow such gaps to creep in, says RBI governor
While these gaps have been mitigated, it is necessary that boards and the managements do not allow such gaps to creep in, says RBI governor
Shaktikanta Das says it will not be a surprise if GDP growth for FY23 comes slightly above the 7% estimate
Deficiencies in a bank's business model can spark a crisis in due course, says RBI governor.
Das has cemented critical reforms, overseen world-leading payments innovation and steered India through difficult times, says Central Banking publication
RBI governor Shaktikanta Das says there are signs of inflation slowing down but it is only expected to decline in H1 FY24.
The RBI governor says private cryptos should be prohibited. If they are allowed to grow, they could cause the next financial crisis, he adds.
The Indian currency is trading at a record low against the US dollar.
The Indian rupee has depreciated by 5.1%, which is among the lowest in the world, says RBI governor Shaktikanta Das.
The 3rd hike in a row pushes the key policy rate to the pre-pandemic levels; RBI's FY23 forecast on inflation and GDP remains unchanged at 6.7% and 7.2%, respectively
RBI says the rupee is holding up “well” relative to both advanced and EME peers, and the movement of the rupee has been smooth despite global spillovers