These remarks were made by RBI deputy governor Jain at the Conference of Directors of Banks, organised by the RBI for public sector banks on May 22 in New Delhi. He also addressed private sector banks on May 29 in Mumbai.
Delivering a keynote address on 'Self-Regulation in Financial Markets - Looking Back and Looking Ahead' in Egypt, the deputy governor said, "Going ahead, greater challenges will emerge as the markets become more developed and interconnected, and as the range of products expand."
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.
T Rabi Sankar said financial benchmarks, used as reference for pricing, valuation and settlement of financial instruments, were a key driver of price integrity of financial markets.
Reserve Bank of India's Deputy Governor also said that next week, deliberations would be starting for the next policy review to be announced in the first week of December and will have to depend on inflation data for October and growth data for July-September coming out on November 30.
RBI Deputy Governor M. Rajeshwar Rao made the remarks while delivering the keynote address at the launch of MFIN's India Microfinance Review in Mumbai on Friday.
The Deputy Governor said protection from currency volatility not only reduces cost of doing business, it also enables better growth of business, improving the chances for Indian business to grow globally.
Mumbai (Maharashtra) [India], July 23 (ANI): Private sector lender YES Bank on Saturday announced the appointment of Rama Subramaniam Gandhi as an additional independent director of the bank for a period of five years.
Mumbai (Maharashtra) [India], June 10 (ANI): The Reserve Bank of India's (RBI) deputy governors, M Rajeshwar Rao and M K Jain on Friday met with managing directors (MDs) and chief executive officers (CEOs) of small finance banks to discuss governance and regulatory issues.
New Delhi [India], March 10 (ANI): Projects with implementation risks should normally be financed by the capital markets and not by banks using public deposits, N S Vishwanathan, Former Deputy Governor, Reserve Bank of India, said on Thursday.
Mumbai (Maharashtra) [India], February 14 (ANI): Cryptocurrencies have specifically been developed to bypass the regulated financial system and it is akin to or even worse than Ponzi schemes, Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar said on Monday.