His comments come amid the recent turmoil in the banking sector globally.
Das also said that the worst of inflation is behind us and that the rupee exhibited the least volatility among its peers.
He stressed that despite the multiple and overlapping shocks to the global economy from the pandemic, Russia-Ukraine war and monetary policy tightening by central banks across the world, the Indian economy remains resilient and is expected to be the fastest-growing major economy in the world.
Commenting on the recent developments in the US banking system, including the failure of three banks, he said that it has brought to the fore the criticality of regulation and supervision in the banking sector.
This story is from the March 18, 2023 edition of Financial Express Mumbai.
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This story is from the March 18, 2023 edition of Financial Express Mumbai.
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