RBI governor Shaktikanta Das's term likely to be extended further: Report
If granted an extension, Shaktikanta Das would become the longest-serving head of India's central bank since Sir Benegal Rama Rau's term ended in 1957.
‘Unethical practices…’ - RBI Governor Shaktikanta Das’ warns banks against mis-selling, KYC lapses
RBI Governor Shaktikanta Das also stated that incentives for bank employees should be properly designed so that they are not encouraged to engage in unethical behaviour.
RBI Guv Shaktikanta Das raises concerns over complaints being misclassified as 'customer queries' by banks
Reserve Bank Governor Shaktikanta Das voiced concerns over banks miscategorizing customer complaints as "queries" and urged bank boards to prioritize customer centricity. He emphasized the importance of trust in banking and addressing concerns to ensure the industry's stability and growth.
RBI Governor Shaktikanta Das Flags Misclassification Of Complaints As Queries; Urges Banks To Prioritise Customer Centricity
Reserve Bank Governor Shaktikanta Das on Monday expressed concerns over instances wherein banks misclassify complaints as "customer queries" and asked bank boards to ensure lenders' genuine commitment to customer centricity.
RBI Governor Shaktikanta Das' Tenure May Be Extended; Decision Likely After Maharashtra Poll: Report
Governor Shaktikanta Das, a Reuters report said on Monday. According to the report, three sources told the agency that the government is poised to give a third term to Das. The move would make Shaktikanta Das the longest-serving RBI Governor since the 1960s.
RBI governor Shaktikanta Das warns bankers against mis-selling, concentration risks
MUMBAI: Stressing the importance of ethical conduct of banking for their long-term health and stability, the Reserve Bank governor Shaktikanta Das has warned bankers against misselling, opening accounts without proper KYC verification/documents and other unethical practices.
RBI’s Shaktikanta Das cautions banks against mis-selling
Keeping India’s goal of becoming a more inclusive economy by 2047, banks should align their strategies with the developmental aspirations of the people, Das said.
RBI Governor Shaktikanta Das Urges Banks To Monitor Portfolios And Address Potential Risks
The Governor also asked bank boards to strengthen the internal governance framework to curb unethical practices, such as mis-selling of products or opening of accounts without proper KYC verification.
Proactively monitor portfolios, address potential risks: RBI Governor Shaktikanta Das to bank boards
RBI Governor Shaktikanta Das on Monday asked banks to proactively monitor their portfolios, identify areas of over-concentration, and take preemptive measures to address potential risks and challenges.
Strengthen Framework To Curb Unethical Practices: RBI Governor Shaktikanta Das To Bank Boards
While such practices may yield short-term gains, they ultimately expose the bank to significant long-term risks, including reputational damage, supervisory scrutiny, and financial penalties, says RBI Governor Shaktikanta Das.
Strengthen framework to curb unethical practices: RBI Governor to bank boards
RBI Governor emphasizes bank boards to prevent unethical practices and strengthen internal governance for long-term stability.
India central bank chief's term likely to be extended further, sources say
By Sarita Chaganti Singh, Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI (Reuters) - The Indian government is likely to extend ...
Shaktikanta Das’s Term As RBI Chief Nears End: Extension Or Farewell? Experts Weigh In
Shaktikanta Das’s six-year term as Governor of the Reserve Bank of India (RBI) ends on December 10, with uncertainty ...
RBI governor Shaktikanta Das' term likely to be extended further
The central government is likely to extend the term of Reserve Bank of India (RBI) governor Shaktikanta Das for a second ...
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RBI Governor Das Says Indian Economy Remains Strong To Manage Effects Of Global Events
The governor said that India’s external sector remains strong and the current account deficit has also stayed within ...
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Piyush Goyal wants RBI to cut interest rates. Shaktikanta Das responds
Union Minister Piyush Goyal described the link between food inflation and interest rates as an 'absolutely flawed theory.' ...
Shaktikanta Das to stay or leave RBI? His future and your wallets are connected
The contract of Reserve Bank of India Governor Shaktikanta Das ends on December 10. The government has not announced whether ...
Shaktikanta Das spots five global divergences as world sees 'synchronous tightening', but inflation risk remains
To counter these challenges, the world has seen 'synchronous tightening' in response to these shocks, Governor said. While ...
No Clarity on RBI Governor’s Term Weighs on Rate-Cut Hopes
Uncertainty about the future of India’s central bank governor, whose contract ends in less than a month, is adding another ...