
Banks, NBFCs need to be careful in relying solely on algorithms: RBI governor
It is necessary to be watchful of any undue risk build-up in the system due to information gaps in these models, says Shaktikanta Das.
It is necessary to be watchful of any undue risk build-up in the system due to information gaps in these models, says Shaktikanta Das.
Such concentrated linkages may create a contagion risk, says Shaktikanta Das
RBI directs credit bureaus to resolve complaints in 30 days or pay ₹100/day fine
Price stability and financial stability complement each other and RBI treats financial stability as "non-negotiable", Shaktikanta Das says at Kautilya Economic Conclave
RBI Governor says MPC kept policy repo rate unchanged at 6.5% considering the total hike of 250 bps is still working through economy and keeping in mind inflation-growth dynamics
Core inflation softened to 4.9% during July-August 2023.
MPC maintains "status quo" on key policy rate for fourth consecutive time, with 5 of 6 MPC members voting in favour
In his address, he notes that customer-centricity, governance, and self-regulation are critical for the fintech ecosystem to be stable and future-ready.
Global Finance Central Banker Report Cards 2023 names Das among top three central bank governors globally; PM Modi says “proud moment” for India
Global supply chains are under pressure, which along with rising global commodity prices have contributed to “multi-decadal high inflation” in 2022, says Shaktikanta Das