The RBI is discussing public sector banks privatisation with the centre, Governor Shaktikanta Das said on Thursday and added that the “process will move on.” Mr Das emphasized that a healthy banking sector, with a strong capital base and ethics-driven governance remained a policy priority.
The Governor also said the ongoing revival of economic activity should continue unabated, adding, “don’t see downward revision in RBI’s 10.5 per cent growth estimate for FY22. The RBI has predicted a growth rate of 10.5 per cent for India’s GDP for the next year.
The RBI is committed to using all policy tools to support the economic recovery while preserving price stability and financial stability, Mr Das emphasized.
Admitting that the spike in new pandemic infections is a matter of concern, the governor said the country is equipped with additional insurances this time to tackle the afflictions. The country added 53,476 infections on Wednesday, which is the highest daily rise since October last year.