The credit appraisal for small ticket loans up to 2.5 lakh Rupees where gold is given as collateral will not be needed, said Sanjay Malhotra, Governor of the Reserve bank of India (RBI).
Speaking about RBI’s order against Paytm Payments Bank (PPB), RBI deputy governor Swaminathan J explained that the action was taken only after giving the firm sufficient time to comply
Reserve Bank of India Governor Shaktikanta Das has been rated A+ in the Global Finance Central Banker Report Cards 2023 by the Global Finance magazine.
Talking about the former RBI Governor, the minister said, "So, this kind of shadow-boxing Raghuram Rajan is doing is not a fair thing. He is a very well-accomplished economist. I request him to stay as an economist or turn into a politician."