RBI Governor

Finance Minister Nirmala Sitharaman has raised the worries of the Punjab and Maharashtra Cooperative (PMC) Bank customers about their money with Reserve Bank of India (RBI) Governor Shaktikanta Das.

In the final monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks to 6.25 per cent.

Former finance secretary Shaktikanta Das has been appointed the new governor of Reserve Bank of India. The RBI had been rendered headless after Urjit Patel resigned on Monday, with immediate effect.