Discussing privatisation of PSBs with government, process will go forward: RBI governor


2021-03-25 06:25:50

NEW DELHI: RBI governor Shaktikanta Das on Thursday said that central bank is currently discussing privatisation of public sector banks (PSBs) with the government and the process will go forward.
He also stated that maintaining the banking sector’s health with strong capital base and ethics-driven governance remain policy priority for the Reserve Bank.
He also 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 but it should not constrain innovation in fintech space, the Reserve Bank of India governor said at India Economic Conclave 2021.
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.



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