RBI’s Shaktikanta Das on financial sector reform, sticking to inflation targets and the e-rupee

The Reserve Bank of India governor speaks about developing credible self-insurance, bank regulatory reforms, and daily UPI payments hitting 300 million transactions

Shaktikanta Das
Shaktikanta Das
Juno Snowdon

When you first became governor, what were some of your key strategic priorities?

When I joined in December 2018, the Reserve Bank of India [RBI] was confronted with two major challenges. One, GDP growth was already showing signs of moderation. And two, the financial markets had almost been frozen due to the collapse of a large non-bank financial lender. There was no liquidity flow. But more than that, a lack of confidence was slowly building up in the system. There were worries being expressed

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