RBI board discusses impact of geopolitical crisis on Indian economy

“The Board of Directors, during its meeting, reviewed the various areas of the Bank’s activities and the current economic situation, global and national challenges, including the overall impact of the current global geopolitical crises”, did he declare.

Amid the ongoing Russian-Ukrainian war, the central board of the Reserve Bank of India on Friday discussed the overall impact of the current global geopolitical crises on the Indian economy. The 594th RBI Central Board Meeting was held in Bangalore on Friday under the chairmanship of Governor Shaktikanta Das, the RBI said in a statement.

“During its meeting, the Board of Directors reviewed the various areas of Bank activity and the current economic situation, global and national challenges, including the overall impact of the current global geopolitical crises,” he said. -he declares.

In addition, the Council discussed the activities of the Reserve Bank during the current accounting year 2021-22. The Board also approved the budget for the 2022-23 accounting year.

Deputy Governors Mahesh Kumar Jain, Michael Debabrata Patra, M Rajeshwar Rao and T Rabi Sankar attended the meeting.

Other Central Council trustees – Satish K Marathe, S Gurumurthy, Revathy Iyer and Sachin Chaturvedi also attended the meeting.

The statement further said that Ajay Seth, Secretary of the Department of Economic Affairs and Sanjay Malhotra, Secretary of the Department of Financial Services also participated in the meeting.

(PTI)


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