New RBI governor faces 'trilemma' of growth, inflation, rupee-dollar rate

Quick Summary:

RBI's new governor, Sanjay Malhotra, faces the tough task of balancing India's economic growth, inflation, and exchange rate amid US election fallout and government pressure for lower interest rates.

He must also tackle regulatory reforms, digital fraud, and mis-selling of financial products, impacting bank lending and consumer protection.

Another issue on the retail side has been the misselling of insurance and other financial products by banks.

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Article Details

Author / Journalist: Mayur Shetty

Category: EconomyBusiness

Markets: India

Topics: Economic growth trilemma Digital fraud in banking Exchange rate stability Investment lending policies RBI governor Sanjay Malhotra Retail financial product mis-selling Inflation management Business news Foreign Portfolio Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 08:04:22 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 765 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24305750

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