RBI Governor: No Rate Cut Yet as June Inflation Hits 5%

Mumbai: The Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Thursday that India’s retail inflation for June is anticipated to hover around 5%, based on the central bank’s surveys. This data aligns with the trends observed over the past few months. The official retail inflation figures for June will be released on Friday….

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RBI Governor Shaktikanta Das urges banks to enhance risk management and governance.

RBI Governor Shaktikanta Das stressed on Wednesday how important it is for banks to improve their compliance culture, risk management procedures, and governance standards. Das brought up the ongoing progress in banks’ asset quality, loan provisioning, capital sufficiency, and profitability during meetings with managing directors (MDs) and chief executive officers (CEOs) of public sector banks…

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