MUMBAI: Reserve Bank of India’s central board on Friday reviewed the worldwide and home financial scenario in addition to the related demanding situations.
The 601st assembly of the Central Board of Directors of Reserve Bank of India (RBI) was once held at Hyderabad beneath the chairmanship of Governor Shaktikanta Das,
“The board in its meeting reviewed the global and domestic economic situation and associated challenges, including the impact of current global geopolitical developments,” RBI mentioned in a observation.
Further, it mentioned, the board mentioned RBI’s actions all through the present accounting yr 2022-23. The board additionally authorized the funds for the accounting yr 2023-24.
The assembly came about within the backdrop of world considerations over failure of banks in the United States amid competitive financial tightening. The US Federal Reserve on Wednesday hiked rates of interest by way of 25 foundation issues to tame prime inflation in spite of the banking disaster.
Both, Bank of England and European Central Bank (ECB) have additionally raised their benchmark rates of interest.
Meanwhile, coverage makers and mavens have mentioned that the Indian banking machine is in just right form.
At the assembly on Friday, administrators of RBI’s central board — Satish Ok Marathe, Sachin Chaturvedi, Pankaj Ramanbhai Patel and Ravindra H Dholakia — have been provide.
RBI Deputy Governors — Mahesh Kumar Jain, Michael Debabrata Patra, M Rajeshwar Rao, and T Rabi Sankar — have been additionally provide.
Besides, Economic Affairs Secretary Ajay Seth, and Financial Services Secretary Vivek Joshi participated within the assembly.
The 601st assembly of the Central Board of Directors of Reserve Bank of India (RBI) was once held at Hyderabad beneath the chairmanship of Governor Shaktikanta Das,
“The board in its meeting reviewed the global and domestic economic situation and associated challenges, including the impact of current global geopolitical developments,” RBI mentioned in a observation.
Further, it mentioned, the board mentioned RBI’s actions all through the present accounting yr 2022-23. The board additionally authorized the funds for the accounting yr 2023-24.
The assembly came about within the backdrop of world considerations over failure of banks in the United States amid competitive financial tightening. The US Federal Reserve on Wednesday hiked rates of interest by way of 25 foundation issues to tame prime inflation in spite of the banking disaster.
Both, Bank of England and European Central Bank (ECB) have additionally raised their benchmark rates of interest.
Meanwhile, coverage makers and mavens have mentioned that the Indian banking machine is in just right form.
At the assembly on Friday, administrators of RBI’s central board — Satish Ok Marathe, Sachin Chaturvedi, Pankaj Ramanbhai Patel and Ravindra H Dholakia — have been provide.
RBI Deputy Governors — Mahesh Kumar Jain, Michael Debabrata Patra, M Rajeshwar Rao, and T Rabi Sankar — have been additionally provide.
Besides, Economic Affairs Secretary Ajay Seth, and Financial Services Secretary Vivek Joshi participated within the assembly.