Reserve Bank of India (RBI) Governor Shaktikanta Das speaks at the Global Fintech Fest (GFF) 2024, in Mumbai on Friday. | Photo Credit: ANI The slowing of India’s economic growth to a 15-month low of 6.7% in the April-June quarter was due to “lower” government spending in the wake of the enforcement of the model … Read more
Bengaluru: While the integration of AI into financial services brings significant opportunities for customers, banks and regulators, the cutting-edge technology also poses its own set of challenges such as data privacy concerns that arise from handling vast volumes of personal information and the potential of misuse to spread misinformation, RBI Governor Shaktikanta Das said here … Read more
RBI Governor Shaktikanta Das. (File photo) The ULI platform facilitates seamless and consent-based flow of digital information, including land records of various states, from multiple data service providers to lenders, cutting the time taken for credit appraisal, especially for smaller and rural borrowers. RBI Governor Shaktikanta Das on Monday said the pilot of a technology … Read more
New Delhi: Prime Minister Narendra Modi on Wednesday congratulated RBI Governor Shaktikanta Das on being rated “A+” for the second time in a row in the ‘Global Finance Central Banker Report Cards 2024’. Responding to a post on X by the Reserve Bank of India, PM Modi said, “Congratulations to RBI Governor Shri @DasShaktikanta for … Read more
“As the debt manager of the government, we are watchful of what exactly is happening. If something needs to be done, we will interact with the government and deal with it,” the RBI governor said. | Photo Credit: PTI Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday (August 10, 2024) said trading of … Read more
Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: PTI RBI Governor Shaktikanta Das on Friday emphasised on the need to eliminate biases in algorithms as the use of artificial intelligence (AI) and machine learning (ML) is on the rise. Delivering the inaugural address at the 18th Statistics Day Conference organised by the … Read more
Mumbai: RBI Governor Shaktikanta Das sees India moving ahead towards an 8 percent GDP growth trajectory on a sustained basis, driven by structural economic reforms such as GST. “If you look at the average growth India recorded over the three years, the average comes to 8.3 percent and the current year we have given a … Read more
Governor Shaktikanta Das on May 6 said that permanent deletion of transactions can make the e-rupee or central bank digital currency (CBDC) become anonymous and make it at par with paper currency. Speaking at the BIS Innovation Summit, Mr. Das said India is also working on making the CBDC transferable in the offline mode along … Read more
RBI Governor Shaktikanta Das. | Photo Credit: ANI Reserve Bank Governor Shaktikanta Das on April 8 stressed the need for greater participation of Indian banks in rupee derivatives market, both domestically and offshore, while being prudent. The Governor noted that participation of domestic banks in derivative markets remains limited with only a small set of … Read more
RBI Governor Shaktikanta Das. (File Photo) RBI Governor Shaktikanta Das says rural demand has been improving and is much stronger than a year ago, while urban demand continues to be very strong. The Indian economy’s GDP growth in the current fiscal year ending in March could be “very close” to 8%, Reserve Bank of India … Read more
