Inflation Is "Coming Under Control", Says RBI Governor Shaktikanta Das

At a symposium in Tokyo, RBI Governor Shaktikanta Das also talked about the central bank's approach to the fintech ecosystem.

Reserve Bank of India remains watchful and the monetary policy is actively disinflationary and supporting growth, Governor Shaktikanta Das said on Thursday. The government has mandated the RBI to ensure that inflation based on the Consumer Price Index (CPI) remains at 4 per cent with a margin of 2 per cent on either side.

At a symposium in Tokyo, Mr Das also talked about the central bank's approach to the fintech ecosystem, saying it is customer-centric.

There is a focus on good governance, ensuring effective oversight, ethical conduct and risk management, and encouraging self-regulation by the fintechs themselves through a Self-Regulatory Organisation (SRO), he said.