The Reserve Bank of India (RBI) is closely tracking the developments of the compilation of new global standards of macroeconomic statistics, highlighted RBI Governor Shaktikanta Das, at the 18th Statistics Day Conference in Mumbai on Friday.
Mumbai (Maharashtra) [India], June 26: India is at the threshold of a major structural shift in its growth trajectory, moving towards 8 percent GDP growth in a sustained manner, said RBI Governor Shaktikanta Das. He was speaking at the 188th AGM of Bombay Chamber of Commerce & Industry.
Das said, "India's domestic financial system is now in a much stronger position than it was before we entered the period of the COVID crisis. Indian financial system is now in a much stronger position, characterized by robust capital adequacy, low levels of non-performing assets, and healthy
India's banking system is robust and the gross NPA (Non-Performing Assets) of the schedule commercial banks and NBFCs are below 3 per cent highlighted RBI (Reserve Bank of India) Governor Shaktikanta Das during the Monetary policy announcement on Friday.
The RBI's Monetary Policy Committee (MPC) maintained the status quo on the Repo Rate, keeping it unchanged at 6.5 per cent. The decision comes amidst a backdrop of economic uncertainties both domestically and globally.
The Monetary Policy Committee (MPC), chaired by Governor Das, has been convening in Mumbai this week to deliberate on key policy decisions amidst a challenging economic landscape.
The Reserve Bank of India (RBI) is unlikely to reduce the benchmark interest rate in its upcoming monetary policy review meeting. The meeting, chaired by Reserve Bank Governor Shaktikanta Das, is underway in Mumbai
RBI Governor Shaktikanta Das casts his vote with family in the ongoing fifth phase of voting in Mumbai. The Governor arrived with his wife at the polling station at Activity School, Peddar Road, Mumbai.
Reserve Bank of India Governor Shaktikanta Das said on Monday that Central Bank Digital Currency (CBDC) or digital currency, can drive financial inclusion and provide a much safer alternative to potentially dangerous private digital currencies.
Das said, "The recent financial market reforms undertaken by the Reserve Bank are aimed at providing a strong bedrock for markets to move to the next trajectory for meeting the growing funding requirements in the economy, providing cost effective hedging options and competing effectively in