RBI strengthening surveillance framework with rapid growth in fintech innovations, adoptions, says Shaktikanta Das
Das said the emergence of fintech/digital innovations are a strong transformative force that can reshape the global financial sector
Urjit Patel's resignation came just days ahead of the 14 December meeting of the board of RBI that was to take up issues like governance in the central bank.
The Swiss National Bank (SNB) further said its figures include the "data from branches of Swiss banks in India" and therefore the locational banking statistics (LBS) compiled by the Bank for International Settlements (BIS), a global central banking body, would be more reliable.
Piyush Goyal dismisses Congress' claims of increasing Indian deposits in Swiss banks, says it has dropped by 34% since 2014
Piyush Goyal said that contrary to Congress President Rahul Gandhi's assertion that deposits by Indian nationals in Swiss Banks had increased by 50 percent, the actual Indian deposits had gone down by 34 percent
India will soon have representation in the Global Foreign Exchange Committee (GFXC) of various central bankers and experts that have been recently formed to work towards the development of a transparent global foreign exchange market.