New Delhi, May 2 (IANS) The government has appointed Rohit Jain as a deputy governor of the Reserve Bank of India, according to an official notification.Jain’s appointment will take effect from May 3 and will be for a tenure of three years, the notification said.He is currently serving as an executive director at the central bank.Jain succeeds T. Rabi Sankar, who retired late last month. His portfolio allocation as deputy governor is yet to be announced.The appointment comes at a time when the…
Latest FIMMDA‑PDAI Annual Conference News & Updates
New Delhi, May 2 (IANS) The Reserve Bank of India (RBI) Governor Sanjay Malhotra said that India’s macroeconomic fundamentals remain robust despite geopolitical tensions and flagged risks from high public debt in major economies.The RBI Governor warned that continued fiscal expansion abroad, together with rising defence spending amid geopolitical tensions, could strain global fiscal sustainability.He cautioned that stretched valuations in some asset classes, especially in the technology sector…