RBI Governor Shaktikanta Das in an exclusive conversation with NDTV’s Editor-In-Chief Sanjay Pugalia
In a special and exclusive conversation, RBI Governor Shaktikanta Das and NDTV’s Editor-In-Chief Sanjay Pugalia disuss the Indian economy and the future of banking in India.
According to RBI’s August bulletin, banks are tapping alternative sources such as commercial paper and certificates of deposit as deposit growth lags credit growth.
“Banks are taking greater recourse to short-term non-retail deposits and other instruments of liability to meet the incremental credit demand. This, as I emphasised elsewhere, may potentially expose the banking system to structural liquidity issues,” Shaktikanta Das had said while unveiling bi-monthly monetary policy.
Here are the highlights of the interview-
“Covid has resulted in permanent output loss in every economic in the world, but the way we emerged out of these crisis is very exemplary in India’s case,” says RBI Governor Shaktikanta Das.
RBI Governor Shaktikanta Das Exclusive:
“India has handled the Covid crisis and post-Covid crises very well, last 5-6 years have been years of great volatility. India’s navigation of these crises has been highlighted by efforts of the people. RBI and the government’s coordinated efforts have also helped very much,” says RBI Governor Shaktikanta Das.
RBI Governor Shaktikanta Das Exclusive:
“Not many people know fully what the RBI does, RBI affects the life of every person…Our attempt has been to ensure that RBI’s communication and its outreach efforts go well,” says RBI Governor Shaktikanta Das.
RBI Governor Shaktikanta Das Exclusive:
“Starting April 2024, this is RBI’s 90th year, Tt is a very momentous year for RBI. RBI functioning started in 1935,” says RBI Governor Shaktikanta Das.
