RBI Governor Shaktikanta Das addresses media conference, in Mumbai on Friday. (ANI Photo)
RBI Governor Shaktikanta Das addresses media conference, in Mumbai on Friday. (ANI Photo)

Need to support economic revival, financial stability: RBI Governor

The regulated entities on their part need to strengthen their internal defences to identify emerging risks early and manage them effectively.
PTI, Chennai
PUBLISHED ON JAN 16, 2021 02:23 PM IST

RBI Governor Shaktikanta Das on Saturday said the financial stability is a public good, and its resilience and robustness need to be preserved and nurtured by all stakeholders.

Delivering the 39th Nani Palkhivala memorial lecture through a virtual platform, he said the central bank has directed its policy efforts to put in place a state-of-the-art national payments infrastructure, ensuring safe, secure, efficient and cost-effective robust payments ecosystem.

The Reserve Bank of India is positioning itself to provide an enabling environment where regulated entities are catalysed to exploit these new avenues while maintaining and preserving financial stability, he said.

The regulated entities on their part need to strengthen their internal defences to identify emerging risks early and manage them effectively, Das added.

"Financial stability is a public good and its resilience and robustness need to be preserved and nurtured by all stakeholders. We need to support economic revival and growth, we need to preserve financial stability," he said.

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FIMI said restrictions on sale and expor of iron ore had led to ‘artificial oversupply’ of iron ore in Karnataka(Aniruddha Chowdhury/Mint (File))
FIMI said restrictions on sale and expor of iron ore had led to ‘artificial oversupply’ of iron ore in Karnataka(Aniruddha Chowdhury/Mint (File))

Industry captains seek ease of Karnataka curbs on iron ore export and sale

By Sharan Poovanna, Hindustan Times, Bengaluru
PUBLISHED ON MAR 04, 2021 10:15 AM IST
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People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI File Photo)

Sensex dives 726 points in early trade tracking global sell-offs

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UPDATED ON MAR 04, 2021 10:09 AM IST
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RBI says investments in shadow banks from FATF non-compliant jurisdictions shall not be treated on a par with that from compliant jurisdictions.mint(MINT_PRINT)

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By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 08:59 AM IST
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Posted by Prashasti Singh | Bloomberg
PUBLISHED ON MAR 04, 2021 06:17 AM IST
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Including stores in its theme parks and those owned by others, the company has about 600 retail locations globally. Disney is also evaluating the shutdown of European stores as it rethinks its retail strategy. (Representational Image)(Unsplash)

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Posted by Prashasti Singh | Bloomberg
UPDATED ON MAR 04, 2021 05:48 AM IST
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Six Indian universities were featured in QS’s Environmental Sciences ranking, with IIT Bombay and IIT Kharagpur (151-200) attaining top-200 positions.(PTI)

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The GST Council is chaired by the Union finance minister and has finance ministers of states as its members.(File Photo)

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In an interview with Mint, Jalan had earlier said that the ministry had assured the consortium that whatever slot is required will be made availab(File photo: Mint/ Abhijit Bhatlekar)

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The company also plans to introduce at least five new passenger vehicle models next year to drive sales, the people said.(Reuters)

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Data available till January end showed this class of tax filers, the biggest chunk of all tax filers, shrank 6.6% from a year ago.(Representational photo)
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A pedestrian wearing her facemask walks past a closed sign hanging on the door of a small business in Los Angeles, California on November 30, 2020. (AFP File Photo )

Bank of America says US economy is hurt by a lack of workforce diversity

Bloomberg
PUBLISHED ON MAR 03, 2021 11:13 PM IST
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