RBI growth upgrade in policy reaffirms India’s continued robust growth post-pandemic : SBI Chairman

Kolkata, June 07 (UNI) The RBI growth upgrade in policy reaffirmed India’s continued robust growth post-pandemic, according to Dinesh Khara, Chairman, SBI.

Commenting on the RBI Monetary Policy announced on Friday, Khara said, ” Domestic growth inflation outlook has moved favourably with inflation moving below 4 per cent in Q2. ”

The regulatory measures like setting up of “Digital Payments Intelligence platform” will harness advanced technologies to mitigate fraud risks, he added.

” The measures to augment digital payments architecture are pro customer measures. Rationalising the definition of bulk deposit from existing Rs 2 crores to Rs 3 crores will facilitate better asset liability match for ASCBs by reducing sensitivity to interest rate fluctuations, ” Khara stated.

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