Patra cautioned that "the world is going through an unprecedented period of uncertainty caused by geopolitical strife, fragmentation, muscular industrial and trade policies, and financial volatility."
Reserve Bank of India (RBI) Deputy Governor Michael Patra underscored the urgent need for evolving deposit insurance systems to meet the challenges posed by rapid financial innovation and climate change at an event organised by the Deposit Insurance Corporation of Global Communities (DICGC)
The Appointments Committee of the Cabinet has approved the re-appointment of Deputy Governor (DG) of Reserve Bank of India (RBI), Michael Debabrata Patra, for a further period of one year effective January 15, or until further orders, whichever is earlier.
As per the RBI statement, Patra has been re-appointed for a further period of one year with effect from January 15, 2023, or until further orders, whichever is earlier.
New Delhi [India], June 24 (ANI): The ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the country's outlook and making it highly uncertain, said the Reserve Bank of India's Deputy Governor Michael Patra.