At the Business Today Banking & Economy Summit, Reserve Bank of India Governor Shaktikanta Das said that core inflation remains sticky at 6 per cent and this has to be dealt with as it remains a concern for the RBI
In a conversation with Udayan Mukherjee, Global Business Editor, BT TV, Shaktikanta Das said, “We have to be very resilient and focus like Arjuna's eye has to be maintained on core inflation.”
RBI Governor Shaktikanta Das said that it was too early to revisit the inflation target of 4 per cent and felt that the current inflation target band was very robust
RBI Governor Shaktikanta Das compared cryptocurrency to ‘gambling’ and supported its complete ban in India
The RBI Governor said, “RBI’s position is very clear, all cryptos should be banned. However, the technology of blockchain needs to be supported as it has so many other applications.”
“Anything that comes without any underline whose valuations is entirely dependent on make-believe is just 100 per cent speculation or it can be bluntly termed as gambling,” said the RBI Governor
When Udayan Mukherjee asked Shaktikanta Das about the ICICI Bank-Videocon loan fraud case of over Rs 3,000 crore, the RBI Governor said that it was not the RBI's job to do due diligence of every loan
“If RBI or in case any regulator in any country gets into these areas, it will be highly detrimental to the credit effect,” said RBI Governor Shaktikanta Das