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RBI governor Shaktikanta Das cautions on backdoor entry in financial space

The use of technology has made financial entities more efficient, but it has also led to backdoor entry of unregulated players into the financial space that often do not abide by norms, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday. “This leads to several concerns including mis-selling, breach of …

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Front-loaded rate hikes reduce need for action later, says RBI deputy governor Patra

MUMBAI: Reserve Bank of India deputy governor Michael Patra said that the front-loading of interest rate hikes to tame inflation will reduce the need for subsequent increases. In the near term, however, he said the inflation trajectory depends on geopolitical developments, global commodity prices, and global financial market developments. “Our role has undergone a transformation …

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Comp medical treatments study, anti-fraud bills heading to governor

Sending two more workers compensation bills to California Gov. Gavin Newsom this week, on Wednesday the California Senate passed a bill that would give the Division of Workers’ Compensation more time to complete its analysis of medical treatment utilization reviews and the Assembly passed amendments in a measure that would bolster efforts to fight insurance …

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Retail Inflation ‘unacceptably and uncomfortably’ high: RBI Governor at MPC

With the price situation remaining at “unacceptably and uncomfortably” high level, members of the RBI’s Monetary Policy Committee underlined the need for preventing upward drift of inflation and bringing it down to the target band, as per minutes of its recent policy meeting. Reserve Bank Governor Shaktikanta Das said the policy …

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US said Russia oil refined in India is making it to American companies: RBI deputy governor | India News

MUMBAI: US government has shared with Indian authorities how sanctioned Russian oil processed in India is making it to US manufacturers. This was revealed by a senior Reserve Bank of India official on Saturday. RBI deputy governor Michael Patra in an event to mark 75 years of Indian independence, spoke about how India is resilient …

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