The Reserve Bank of India is discussing with the government the privatization of public sector banks. According to PTI, Governor Shaktikanta Das said on Thursday that we are discussing with the government about the privatization of public sector banks, the process will be taken forward. He also said that RBI is committed to using all its policy measures to revive the economy while maintaining price and financial stability. "We are discussing with the government the privatization of public sector banks and the process will be taken forward in this context," Das told the Times Network India Economic Conclave. He said that at this time no one is afraid of a lockdown like last year.
It is noteworthy that Finance Minister Nirmala Sitharaman had proposed the privatization of two public sector banks and one general insurance company while presenting the budget of 2021-22 on February 1. In response to a question, he also said that economic revival should continue uninterrupted, there is no need to reduce RBI's 10.5 percent growth projections for FY 2021-22.
Stressing the need for innovation in the financial sector for better delivery of services, the RBI Governor called for effective regulation that promotes innovation. He said, "RTGS and NEFT facility is now available 24 hours. RTGS can transact in different currencies. There is a need to consider the possibility of whether its scope can be extended beyond India as well.
274 crore digital transactions made easy
Das said, "Effective regulation is a priority for the Reserve Bank and there should be no law and regulations that encourage financial technology. He also said that it is our priority to maintain the financial health of the bank sector with a strong capital base, operating system with ethical norms. Das said that technology and innovation have an important role to serve customers better. 274 crore digital transactions were facilitated to provide direct transfer benefits to the people and most of them occurred during the epidemic.
Regarding the cryptocurrency, he said that the central bank is assessing concerns about financial stability in this context. Das said that we have made the government aware of our concerns about cryptocurrency, it is being considered. The government will decide on this. We have made the government aware of our concerns about cryptocurrency, it is being considered, the government will decide on it. I do not think there is any difference in opinion between RBI and the government on cryptocurrency. He said that at this time no one is afraid of a lockdown like last year.
Total lockdown not in 5 cities of UP: Supreme Court ban on a high court order, Yogi government will now impose weekend lockdown in the entire state
Lockdown will not be imposed in 5 cities of Uttar Pradesh including Lucknow. The Supreme Court has stayed the order of the Allahabad High Court. On Monday itself, the High Court had ordered a complete
What did Manmohan Singh say on Muslims 16 years ago, due to which there is a ruckus in Gujarat now
The Congress party is often targeted by the Bharatiya Janata Party in December 2006, that is, about 16 years ago, because of the speech given by the then Prime Minister Manmohan Singh, describing the
Weather Update: North India will soon get relief from the scorching heat, when will it rain in these states including Delhi-UP? Read IMD's new alert
The moisture-laden winds blowing from the Arabian Sea are going to bring relief to the scorching land of North-West India including Delhi. Due to the effect of hailstorms in Jammu and Kashmir and
Sam Bahadur: Big blow to the makers of 'Sam Bahadur', Vicky Kaushal's film leaked online
Bollywood actor Vicky Kaushal is in the headlines these days for his film 'Sam Bahadur'. There is a lot of enthusiasm among the audience regarding this film. This film, directed by Meghna Gulzar, has
The Bengal Files: There was applause for The Bengal Files in the pre-release, and the audience was shocked after watching the movie
Vivek Agnihotri's most awaited film The Bengal Files pre-released in New Jersey. After The Kashmir Files and The Tashkent Files, this is the third and final installment of the Files trilogy that
GST: Rs 1,48,995 crore GST collection in July, 28% increase over last year
GST collection of Rs 1,48,995 crore has been done in July. This amount is 28 percent more than the amount of GST collection in the same month last year. This is also the second largest collection ever
15 days lockdown in entire Rajasthan: Government's decision at midnight when a record 10 thousand cases come in 24 hours; Dairy-grocery shops to open till 5 pm by 3 May
After receiving a record 10,000 patients in 24 hours in Rajasthan, the government has imposed a 15-day lockdown in the entire state at midnight. Till May 3, everything will be closed except essential
Anushka Sharma was seen angry during IND vs PAK T20 World Cup match, video went viral
The T20 World Cup held in America was played between India and Pakistan on Sunday, June 9. India won this match by 6 wickets. During this, the Indian players along with their wives reached the stadium
NEET, UGC Exam Row: Suggestions will be taken from students and parents to prevent malpractices in the exam; The Former ISRO chief formed a committee
Not only the high-level committee but now students and parents will also suggest what kind of improvements should be made in the functioning of the National Testing Agency (NTA) to prevent
Doctors set up OPD on the road in Delhi, patients are facing a huge problem in Bihar; a Protest march was taken out in Rohtak
On Monday, doctors in many cities of the country went on strike and staged protests against the rape and murder of a junior female resident doctor at Kolkata's RG Kar Medical College.
