New RBI Governor Shaktikanta Das makes priorities clear, says focus is on inflation, banking sector

RBI Governor Shaktikanta Das added that he will subsequently interact with private sector banks as well to understand their perspective about the economy.

New RBI Governor Shaktikanta Das makes priorities clear, says focus is on inflation, banking sector

New Governor of the Reserve Bank of India Shaktikanta Das today made his priorities and focus areas clear in public. In his first press conference after being named RBI Governor by PM Modi led dispensation, Das said that consultation with the stakeholders is important. He also revealed that as a first step, he has convened a meeting of CEOs and MDs of the public sector banks.

"I have convened a meeting with CEOs and MDs of public sector banks tomorrow in the morning. Banking is an important segment in our economy and is currently facing several challenges that need to be dealt with. It's the banking sector on which I would like to focus immediately," said Das.

Das added that he will subsequently interact with private sector banks as well to understand their perspective about the economy.

Das said that he will try to uphold the autonomy of the institution.

"I will try and uphold professionalism, core values, credibility and autonomy of this institution. It’s an honor and great opportunity to serve RBI. I will try my best to work with everyone and work in the interest of the Indian economy," said Das.

Das added that working for the interest of the economy is his priority.

"I will work with the other officials in the best interest of the economy and try and take measures in a timely manner on issues and aspects which are in the best interest of the Indian economy," he said.

Emphasising on the consultation of the stakeholders, Das said it will help in understanding the issues in depth.

Watch This Zee Business Tweet Video

"Decision making in the modern time has become more complex. Today we are leaving in a very dynamic world. Consultation with the stakeholders is very important. It adds values to our understanding of issues and adds depth to the understanding of the issues," said Das.

Das also said that inflation targetting continues to be very important issues and the RBI will keep its focus on it.

When asked about whether he will take the populist measures, Das said that the MPC will decide it.   

"If you read the preamble of the RBI act, which talks about MPC, it also says to keep in mind the requirement of growth," Das explained.

Written By: ZeeBiz WebTeam
Updated: Wed, Dec 12, 2018
05:43 PM IST
ZeeBiz WebDesk
RELATED NEWS
Is Indian economy better prepared to deal with COVID-19 than it was during 2008 Global Financial Crisis? Is Indian economy better prepared to deal with COVID-19 than it was during 2008 Global Financial Crisis?
Three-month home loan EMI waiver hailed by realty sector; what they said Three-month home loan EMI waiver hailed by realty sector; what they said
Have EMIs to pay? WAIVER relief for home loan, auto loan takers! No need to pay for 3 months Have EMIs to pay? WAIVER relief for home loan, auto loan takers! No need to pay for 3 months
Zee Business Impact: RBI puts stamp of approval on Anil Singhvi's demand to cut repo rate by 75 bps Zee Business Impact: RBI puts stamp of approval on Anil Singhvi's demand to cut repo rate by 75 bps
RBI Repo Rate cut announced; EMI payment delay to loan rates, check top 5 takeaways RBI Repo Rate cut announced; EMI payment delay to loan rates, check top 5 takeaways

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x