RBI Governor Shaktikanta Das stated that the Indian economy and financial sector are in a strong position. India’s external sector is robust, and the current account deficit remains manageable. Das highlighted India’s significant foreign exchange reserves. He acknowledged the presence of inflation but expressed confidence in its moderation.
Ujjivan Small Finance Bank CEO & MD Sanjeev Nautiyal steps down on health grounds
Ujjivan Small Finance Bank’s MD and CEO has resigned citing health reasons. The board accepted the early retirement and appointed Carol Furtado as interim head.