Talking about operational resilience, Das said banks need effective policies regarding cyber risks
Hinting at cyber risks, the RBI Governor said that it has been identified as the foremost in top 10 operational risks for 2023 based on a global survey of financial institutions
The RBI is also working to up organizational resilience within banks, Das said, adding that strengthening the governance and assurance functions is a key focus
RBI governor Shaktikanta Das said that the gross NPAs of Indian banks stood at 4.41% as on December 31, 2022
Reserve Bank Governor Shaktikanta Das is scheduled to meet the board of directors of all public sector banks next month to discuss issues related to governance and ethics
RBI Governor Shaktikanta Das, in the rate-setting panel meeting earlier this month, opined that the cumulative impact of the monetary policy actions over the last one year is still unfolding
Ethics, supervisory expectations may also figure in May 29 meeting
Greater acceptance among G20 about crypto regulations, says FM
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"Our banking system is resilient, stable and healthy," he added
"We expect the portal to be ready in 3-4 months," said M Rajeshwar Rao, deputy governor, RBI
The RBI has paused because it wants to evaluate the cumulative impact of the past rate hikes
"It is now necessary to assess the cumulative impact of our action taken so far"
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After six consecutive hikes aggregating 250 bps, RBI hits a pause
The central bank's surprise decision to hold its key repo rate steady, at 6.5 per cent
Das said RBI is keen to assess the cumulative impact of the rate actions done till now
Catch all the updates of the live address by Reserve Bank of India's Governor Shaktikanta Das on the decision by the Monetary Policy Committee on repo rate
According to RBI Governor Shaktikanta Das, the above measures will further enhance consumer protection
Das said India's services exports continued to grow at a healthy pace in the first two months of 2023