Tag: RBI Governor Shaktikanta Das

Proactively monitor portfolios, address potential risks: RBI Governor to bank boards

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Proactively monitor portfolios, address potential risks: RBI Governor to bank boards

Shaktikanta Das | Photo Credit: Thulasi Kakkat RBI Governor Shaktikanta Das on Monday (November 18, 2024) asked banks to proactively monitor their portfolios, identify areas of over-concentration, and take pre-emptive measures to address potential risks and challenges. The Governor also asked bank boards to strengthen the internal governance framework to curb unethical practices, such as…

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AI’s Rise Could Threaten Financial Stability, Warns RBI Governor

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AI’s Rise Could Threaten Financial Stability, Warns RBI Governor

ThegrowinguseofAIraises the risk of data breaches and cyber-attacks, said the RBI Governor. (File) Mumbai: The growing use of artificial intelligence and machine learning in financial services globally can lead to financial stability risks and warrants adequate risk mitigation practices by banks, the Governor of the Reserve Bank of India said on Monday. “The heavy reliance on AI can lead to concentration risks, especially when a small number of technology…

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PM Narendra Modi Says Policy Measures Taken To Boost Social Impact Of FinTech In India

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PM Narendra Modi Says Policy Measures Taken To Boost Social Impact Of FinTech In India

Narendra Modi said the social transformation brought about by the fintech sector is far-reaching. Mumbai: Prime Minister Narendra Modi on Friday said the government is taking various measures at the policy level to promote the fintech sector, which attracted over USD 31 billion in investments in the last 10 years, and the abolition of the…

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RBI to set up public repository of Digital Lending Apps

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RBI to set up public repository of Digital Lending Apps

Detailed instructions regarding addition of new DLAs or deletion of any existing DLA, shall be issued shortly,” RBI governor Shaktikanta Das said. | Photo Credit: Reuters To aid borrowers in verifying the claim of Digital Lending App’s (DLAs) association with Regulated Entities (RE), the Reserve Bank of India (RBI) is creating a public repository of DLAs…

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RBI Is Using AI For Real-Time Data Analysis, Says Governor Shaktikanta Das

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RBI Is Using AI For Real-Time Data Analysis, Says Governor Shaktikanta Das

The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics in multiple areas in order to develop cutting-edge systems for high frequency and real-time data monitoring and analysis, RBI Governor Shaktikanta Das said today. In his address…

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As RBI Buys Several Tons Of Gold, Governor Says ‘India Building Gold Reserves’

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As RBI Buys Several Tons Of Gold, Governor Says ‘India Building Gold Reserves’

RBI bought 8.7 tonne of gold in January alone which is the highest in two years. (Representational) Mumbai: Reserve Bank Governor Shaktikanta Das today said India has been building up gold reserves as part of its forex deployment. “We are building up gold reserves that is a part of our reserve deployment,” Governor Das told…

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Food price uncertainties to weigh on inflation trajectory; RBI retains FY’25 forecast at 4.5%

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Food price uncertainties to weigh on inflation trajectory; RBI retains FY’25 forecast at 4.5%

The retail inflation in February was 5.1%, while inflation in the food basket was at 8.66%. The Reserve Bank of India (RBI) on April 5 said food price uncertainties continue to weigh on the inflation trajectory going forward, even as it retained 4.5% retail inflation projection for the current fiscal. In its first bi-monthly monetary…

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RBI pegs FY’25 GDP growth at 7% on improved consumption demand, private capex spends

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RBI pegs FY’25 GDP growth at 7% on improved consumption demand, private capex spends

Reserve Bank of India Governor Shaktikanta Das. | Photo Credit: PTI The Reserve Bank of India (RBI) on February 8 projected GDP growth for the next financial year at 7% on the back of improved household consumption and upturn in private capex cycle. The real GDP growth is, however, lower than 7.3% estimated by the…

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RBI to introduce offline eRupee transactions soon: Shaktikanta Das

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RBI to introduce offline eRupee transactions soon: Shaktikanta Das

Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: PTI Digital Rupee users will soon be able to execute transactions in areas with limited internet connectivity as the Reserve Bank of India (RBI) on February 8 announced that offline capability will be introduced on the Central bank digital currency (CBDC) pilot project. RBI…

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