Banks should focus on playing long innings like a Test match...' RBI Governor's big statement on inflation

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RBI Update on Inflation: Regarding rising inflation in the country, Reserve Bank of India (RBI) Governor Shaktikanta Das said that four-sided challenges are coming up in the present time. The situation of crisis is being seen all over the world. That is why we have taken several measures to reduce inflation. Also, the situation in the country has remained stable due to the decisions taken by the RBI in the last 1.5 years.

Mentioned risk weightage

Governor Shaktikanta Das also expressed his opinion on the issue of risk weightage. He said that this decision has been taken after much deliberation. That is why banks need to work on a long-term plan. In the short term, there may be a threat to the economy along with the banks. It may be mentioned that a few days ago RBI increased the risk weightage on unsecured loans to 25 percent. Since then banks have to make more reserves for unsecured loans.

Currently limited to consumer loans only

Governor Shaktikanta said that currently the bank is giving loans rapidly in the auto sector along with personal loans. That is why the risk weightage has been increased only up to consumer loans. The risk weightage decision is correct as unsecured loans increase the pressure on the country's economy. Banks should focus on playing long innings like in Test matches.

This is the future plan on inflation

In order to control inflation, RBI has made changes in the repo rate market as per the situation. Our eyes are on the inflation of the country. While the retail results are as expected, our eyes are on the repo rate. While the Indian rupee also did not allow itself to break much under the pressure of the American market.


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