Governor Shaktikanta Das on Friday said significant easing of inflation is expected in September. But indications are that throughout October-December 2023, food inflation may not see sustained easing.
RBI Governor Shaktikanta Das has expressed concerns about the recent growth in personal loans, stating that it is being closely monitored for signs of stress. While he highlighted the overall resilience of the Indian banking system, he urged banks and NBFCs to strengthen their internal surveillance mechanisms and implement stronger risk management practices.
Reserve Bank of India (RBI) Governor Shaktikanta Das recently invoked teachings from ancient Indian scholars to emphasize the importance of maintaining economic stability in India. He quoted from Kautilya s Arthashastra to highlight the significance of stability in promoting equitable wealth distribution and growth. Das also drew from Mahatma Gandhi s principles, emphasizing the determination required to achieve economic progress. These teachings are seen as timeless and relevant in the face of evolving economic challenges in India.
India Business News: The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5% for the fourth consecutive time. The RBI governor, Shaktikanta Das