Cryptocurrencies ‘clear danger’, says RBI Governor

[ad_1] Reserve Bank Governor Shaktikanta Das on Thursday described cryptocurrencies as a “clear danger” and said that anything that derives value based on make-believe, without any underlying, is just speculation under a sophisticated name. The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions. […]

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RBI Governor Das asks banks to take mitigating steps to minimise impact on balance sheets

[ad_1] Reserve Bank Governor Shaktikanta Das said the banking sector has remained resilient and has continued to improve despite facing various headwinds. Reserve Bank Governor Shaktikanta Das has asked banks to remain watchful of the ongoing geopolitical developments and proactively take mitigating measures, including raising capital, to minimise the potential impact on their balance sheets. […]

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RBI increases policy rates in sudden move; repo rate is higher by 40 basis points, cash reserve ratio up by 50 bps

[ad_1] RBI governor Shaktikanta Das says MPC of RBI met in an off-cycle meet and decided to increase policy rates to help curb rising inflation RBI governor Shaktikanta Das says MPC of RBI met in an off-cycle meet and decided to increase policy rates to help curb rising inflation The Reserve Bank of India (RBI) […]

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RBI increases policy rates in sudden move; repo rate is higher by 40 basis points, cash reserve ratio up by 50 bps

[ad_1] RBI governor Shaktikanta Das says MPC of RBI met in an off-cycle meet and decided to increase policy rates to help curb rising inflation RBI governor Shaktikanta Das says MPC of RBI met in an off-cycle meet and decided to increase policy rates to help curb rising inflation The Reserve Bank of India (RBI) […]

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