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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The central bank, under Das, has gone from reactive to proactive regulation. With signs of stress resurfacing in the banking system, the need for a taskmaster like him at the helm is stronger than ever.
Is Reserve Bank India governor Shaktikanta Das in line to get a third term at the central bank’s helm once his current stint gets over in under a month?
It sure looks that way right now.
“The extension of Das is almost confirmed. It is just a formality now. The government is more tilted towards continuity in the banking system,” says an official in the finance ministry, asking not to be named.
That would be unprecedented. Das is already the second-longest serving RBI governor, at almost six years. Benegal Rama Rau, the second Indian to head the central bank, when …
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
Divergent narratives from the Haryana government and the lender raise deeper questions on oversight, authorizations and systemic lapses—answers that may emerge only after a forensic audit.
The Bengaluru-based lender is once again gearing up to seek the RBI’s nod after the central bank returned its application last year.
