Updated By: LatestGKGS Desk
RBI Governor Urijit Patel publishes Financial Stability Report
Governor Urijit Patel says GST will impart flexibility in economy
The governor of Reserve Bank of India Urijit Patel stated that Goods and Service Tax will impart flexibility to the economy.
The Governor Urijit Patel published a Financial Stability Report stating the withdrawal of specified currency notes will impart far reaching changes in the economy.
Urijit Patel raises concern over banking sector
Urijit Patel speaks on demonetisation saying that it is expected to significantly transform the domestic economy in due course with relation to greater intermediation, efficiency gains, accountability, and transparency through adoption of digital payments.
Urijit Patel also raises concern over banking sector that they are facing legal issues, onbalance, transparency has helped to reinforce the stability of India’s financial system.
RBI Governor also stressed on financial crisis that has prompted the regulators to require banks to undertake tests to check if risk appetite matches their risk taking capacity.
