Comments
Economic Affairs Secretary Shaktikanta Das on Monday welcomed the appointment of Urjit Patel as the Reserve Bank of India Governor and expressed hope he would balance the need for growth and ensure credit flow to all sectors of the economy, in particular agriculture and micro, small and medium enterprises.
“I am sure he will rise up to the occasion and will keep in mind the requirements of monetary policy and inflation target and will also balance the requirement of growth, which is a part of the amended RBI Act,” he told reporters.
Noting that the job of the RBI Governor is not confined to the monetary policy, Das said that as the regulator of banks and non-banking financial companies, he also has to ensure smooth functioning of the entire financial sector, including flow of credit. Our Bureau
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.