During his inaugural address at the annual research conference of the Department of Economic and Policy Research of RBI on Saturday, he said central banks, given their mandate on preserving macro stability, and the responsibility to be at the forefront of managing an economic crisis, have a
RBI Governor Shaktikanta Das acknowledged the crucial role played by the commercial banks in supporting economic growth throughout the turbulent times since the outbreak of the pandemic and the ongoing financial market turmoil.
During the meeting, major developments in the global and domestic economy as well as in various segments of the financial system were reviewed, a statement from RBI said on Tuesday. It also discussed certain inter-regulatory issues.
The Governor said the RBI Ombudsmen and the regulated entities (REs) must first identify the root causes of persisting customer complaints and take necessary systemic measures to correct them. Second, the resolution of customer complaints by the REs and the RBI ombudsmen have to be fair and
Mumbai (Maharashtra) [India], October 16 (ANI): The Governor of the Reserve Bank of India Shaktikanta Das on Sunday said the central bank has been taking progressive measures to improve the availability of digital infrastructure for banking services.
Mumbai (Maharashtra) (India), October 7 (ANI): The governor of the Reserve Bank of India (RBI), Shaktikanta Das, launched a new 'SupTech' initiative Daksh - the central bank's advanced monitoring system - which is expected to make the supervisory processes more robust.
Mumbai (Maharashtra) [India], September 20 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday the central bank is committed to support innovation in fintech sector while keeping in mind consumer protection.
Mumbai (Maharashtra) [India], September 6 (ANI): The commentary from the US Federal Reserve at the recently-held Jackson Hole conference on the future trajectory of US monetary policy has infused substantial volatility into global financial markets, said the Reserve Bank of India (RBI) Gover
Mumbai (Maharashtra) [India], August 19 (ANI): Though inflation has moderated and plateaued since its recent peak of April 2022, it remains unacceptably and uncomfortably high, Reserve Bank of India (RBI) Governor Shaktikanta Das said in his intervention during the Monetary Policy Committee
Mumbai (Maharashtra) [India], August 5 (ANI): The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said 50 basis points or 0.50 per cent hike in policy rates has become a new normal for the central banks across the world.