The Reserve Bank of India is discussing with the government about the privatization of public sector banks. According to PTI, we are discussing with the government about the privatization of public sector banks, ”Governor Shaktikanta Das said on Thursday, adding that the process will be taken forward. He said the RBI was committed to using all its policy measures to revive the economy while maintaining price and financial stability. “We are discussing with the government the privatization of public sector banks and in this case the process will be taken forward,” Das told Times Network India Economic Conclave. No one is afraid of a lockdown like last year, he said.

It is noteworthy that Finance Minister Nirmala Sitharaman proposed the privatization of two public sector banks and one general insurance company when presenting the Budget 2021-22 on February 1. Responding to a question, he said the economic revival should continue, there is no need to reduce the RBI’s growth forecast of 10.5 per cent for the financial year 2021-22.

Stressing the need for innovation in the financial sector to deliver better services, the RBI governor called for effective regulation to promote innovation. “RTGS and NEFT are now available for 24 hours. RTGS has the capability to trade in different currencies.

274 crore digital transaction is easy

“Effective regulation is a priority for the Reserve Bank and there should be no law and regulation promoting financial technology. Our priority is to safeguard the financial health of the banking sector with strong capital and operating systems. 274 crore digital transactions were facilitated to provide benefits and most of them occurred during the epidemic.

As for the crypto currency, it said that it was concerned about the central financial stability of the case. “We have informed the government about our concerns about cryptocurrency, which is being considered,” Das said. The government will take a decision on this. We have made the government aware of our concerns about cryptocurrency, which is being considered, by the government. I don’t think there is any opinion between the RBI and the government on cryptocurrency. No one is afraid of a lockdown like last year, he said.