BANK NEWS
RBI governor raise concern over demand sustainability
Mumbai: On the 4th Foreign Exchange Dealer’s Association Annual Day held on Thursday, November 26th, 2020 the Governor of Reserve Bank of India Shri Shaktikanta Das has raised concerns over the demand sustainability which is consistently sliding down due to the close of markets in the festive season and rapidly rising COVID19 infection.
While covering this up and facing the challenges, regulators have worked at last with financial market participants to keep the balance in the system.
“We need to be watchful about the sustainability of demand after festivals and a possible reassessment of market expectations surrounding the vaccine,” Das said.
“Even as the growth outlook has improved, downside risks to growth continue due to recent surge in infections in advanced economies and parts of India” he added.
Read Also : Air Chief Marshal VR Chaudhari, CAS presented Presidential Awards to 51 IAF personnel
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station