RBI assessing financial stability concerns for digital currency: Shaktikanta Das – Times of India
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NEW DELHI: RBI governor Shaktikanta Das on Thursday mentioned that the central bank is assessing financial stability concerns as it works on the way ahead for digital currency.
Effective regulation is the priority and regulation should not constrain innovation in fintech space, the Reserve Bank of India governor said in India Economic Conclave 2021.
He also stated that maintaining banking sector health with strong capital base and ethics-driven governance remain policy priority.
Das further mentioned that RTGS (real-time gross settlement) has multi-currency capabilities and there’s scope to explore if its footprint can be expanded beyond India.
He also cited that the central bank processed 274 crore digital transactions last year to provide direct benefit transfer to people.
On privatisation of public sector banks (PSBs), he said that “we are under discussion with the government and the process will go forward.”
Effective regulation is the priority and regulation should not constrain innovation in fintech space, the Reserve Bank of India governor said in India Economic Conclave 2021.
He also stated that maintaining banking sector health with strong capital base and ethics-driven governance remain policy priority.
Das further mentioned that RTGS (real-time gross settlement) has multi-currency capabilities and there’s scope to explore if its footprint can be expanded beyond India.
He also cited that the central bank processed 274 crore digital transactions last year to provide direct benefit transfer to people.
On privatisation of public sector banks (PSBs), he said that “we are under discussion with the government and the process will go forward.”
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