RBI’s Shaktikanta Das on financial sector reform, sticking to inflation targets and the e-rupee
The Reserve Bank of India governor speaks about developing credible self-insurance, bank regulatory reforms, and daily UPI payments hitting 300 million transactions
When you first became governor, what were some of your key strategic priorities?
When I joined in December 2018, the Reserve Bank of India [RBI] was confronted with two major challenges. One, GDP growth was already showing signs of moderation. And two, the financial markets had almost been frozen due to the collapse of a large non-bank financial lender. There was no liquidity flow. But more than that, a lack of confidence was slowly building up in the system. There were worries being expressed
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