Underscoring the imperative of fostering a future-ready ethos within the financial sector, Das also stressed the critical role of timely supervisory intervention in mitigating systemic risks.
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India's forex reserve is at a record high, and this gives confidence to international investors for investing in the Indian economy, he says
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The decision comes amidst a backdrop of economic uncertainties both domestically and globally
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MPC chaired by Governor Das, has been convening in Mumbai this week to deliberate on key policy decisions
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The Deputy Governor of RBI Swaminathan Janakiraman says that the ARCs are becoming a warehouse of the stressed assets while the original lenders continue to handle collection
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The proposed guidelines require lending service providers (LSP) to digitally share information about all available loan offers from willing lenders with whom they have lending arrangements
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