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