RBI Governor Says Regulatory Framework Will Balance Financial Stability, Efficiency

Banks: Poor Grievance Redressal Mechanism

Vijay Hashia Recently, RBI Governor Sanjay Malhotra took a firm stance against banks flush with liquidity, yet failing abysmally in delivering adequate customer service. In a scathing attack, the Governor RBI highlighted the dismal state of customer grievance redressal, exposing a systemic rot that plagues the banking sector. Data substantiates this dire assessment, a plethora of complaints filed with the RBI Ombudsman remain unresolved, which i…

The recent reform of the energy sector will involve new challenges for companies in the sector, which should be prepared to contend with a regulatory framework that establishes new obligations and interaction with new authorities, said Víctor Juárez, CEO of Edge Innovation. During a seminar organized by Energy21, the specialist explained that under the new regulatory framework, the authorities will have more powers to monitor the market and ensu…

RBI has played key role in making India global leader in digital payments: PRESIDENT MURMU - The Indian Awaaz

AMN / MUMBAI The President of India, Mrs Droupadi Murmu today said that the RBI has played a key role in making India a global leader in digital payments. “By continuously modernizing the country’s payment infrastructure, it has ensured that digital transactions are not only seamless and efficient but also secure. Innovations like the UPI have revolutionised financial access, enabling instant, low-cost transactions and deepening financial inclus…

RBI Governor Says Regulatory Framework Will Balance Financial Stability, Efficiency

Reserve Bank of India Governor Sanjay Malhotra Tuesday underscored the central bank's commitment to bolstering consumer protection, while optimising regulatory frameworks, to strike a balance between financial stability and efficiency.Speaking at the closing ceremony of the commemoration of the 90th year of the RBI, he said, "as we mark this milestone, we recognize that the RBI's role has expanded significantly beyond initial mandate.Today, we s…

RBI key to India's rise as global leader in digital payments: Prez Murmu

President Droupadi Murmu on Tuesday lauded the Reserve Bank for its key role in making India a global leader in digital payments with innovations like UPI revolutionising financial access. Addressing the closing ceremony of the commemoration of the RBI’s 90th year, the President said, “By continuously modernising the country's payment infrastructure, the Reserve Bank has ensured that digital transactions are not only seamless and efficient but a…

RBI to Refine Inflation Targeting Framework, Aims for 'Goldilocks Conditions'

The Reserve Bank of India (RBI) will work closely with the government to enhance the inflation targeting framework and achieve balanced economic growth through effective monetary and fiscal policies, Governor Sanjay Malhotra said in an opinion piece published on Monday. The RBI, which adopted the Flexible Inflation Targeting (FIT) framework in 2016, aims to keep inflation at 4%, within a +/- 2% range, with the next review due in 2026. As part of…