When RBI warns about something, listen: Governor Das on cryptocurrencies

In his speech, the RBI governor had alarmed a few bankers, especially the private ones, by stating the RBI is watching closely banks driven solely by profit motive

There should be more debate and discussions about cryptocurrencies, and when a central bank of a country cautions about something, in this case cryptocurrency, it should be taken seriously, said Reserve Bank of India (RBI) governor Shaktikanta Das.

The RBI governor was unusual in his frankness, finally relieved that he could address audiences physically for the first time since the pandemic. He was done with his keynote speech at the annual SBI Banking &  Economics Conclave, addressed to a hall filled with senior bankers and who’s who of the Indian corporate sector. Dinesh Khara, chairman of country’s largest lender