RBI Governor Shaktikanta Das Speaks About Four Concern Areas For The Central Bank
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- čas přidán 9. 09. 2024
- #RBI #RBIGovernor #ShaktikantaDas #CentralBank #BankingSector #MonetaryPolicy #GDPGrowth #FY25
It’s not just high prices and growth pangs which are raising red flags at the Reserve Bank of India. Governor Shaktikanta Das has spoken about four concern areas - from the shift of funds from savings and bank deposits to speculative activity, from certain segments of personal loans which continue to see high growth, from regulatory guidance on gold and top-up loans being flouted by some financial institutions to the need for banks to build an apt risk framework to deal with contingencies like the recent tech blackout which led to a worldwide system collapse. Here’s the Governor speaking about each issue in detail.
#RBIMonetaryPolicy #RepoRate #MPCMeeting #IndianEconomy #InflationTargeting #RBIUpdate #EconomicPolicy #InterestRates #FinancialStability #WithdrawalOfAccommodation #IndiaFinance #FiscalPolicy #CentralBank
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Banks are busy selling insurance and products of their subsidiaries and associates.Banks are least bothered about RBI's concern.
Selling insurance against what ??😂😂
Govts should focus on bringing a balance by controlling over population.
Vote bank politics and schemes are creating pressure on people as govts are sourcing huge fund requirements to meet them by way of raise in taxes in every possible manner.
Sone day this will collapse the systems in society leading to unrest as seen in sri lanka and Bangladesh.
Critical thinking will suicide seeing this
Bank deposit are down because you are unable to check inflation (real inflation not worthless data of the govt). Hence common man (retail investors) are forced to invest in risker assets. Other than this there is also TDS on interest that is cut the exemption limit for this needs to be realistic.
2% per annum 😓 and after that tax on savings. I think RBI should ask the banks to increase the savings and FD interest rates to attract more depositers. The depositers, lenders and the credit seekers will all benefit from it.
Bank loan interest rate is high, but deposit interest rate very less.
Who will keep money in savings accounts with 2% yearly interests?Instead everyone should keep their money in large cap mutual funds..
2% per annum 😓 and after that tax on savings. I think RBI should ask the banks to increase the savings and FD interest rates to attract more depositers. The depositers, lenders and the credit seekers will all benefit from it.
When interest rates are low , people will definitely look for areas giving better returns. Banks have not hiked even savings interest rate which is at 2.75%
Because they are funded in the tenors you are interested in
But 2.75 is still good considering the liquidity
You have put your money in western country and pay them money to keep your money
Alternative investment ways are being explored by citizens because real rate of return is so less when deposited in banks as it wont help to heat inflation.
In Indian middle class with a family of 4 to 6 including parents earning member is only one or two and others dependent on them.
Life turned out to be difficult with raise in prices making no earning a right and sufficient amount.
Govts irrespective of political parties running it failed to control over population the root cause of many problems as there is no proportionate increase in all requirements at different stages of life leading to raise in prices.
Corporate system of businesses instead of showing economies of large scale production are now centres of profit generators to rich people.
Real inflation rate in India is 8 - 9% and not 5.5% as claimed by RBI and government sources.
Abolish Tax on Savings, FD and RD and you will see some incentive for public to deposit some of their money in Bank. Otherwise why would they when the Inflation is 4-5% and interest they get on deposit is just 6-7 %, the difference earned is also taxed. Basically Income, Spending and Savings all taxed.
It's been the same since banking started centuries ago, everything will be and should be taxed
Banks should increase interest rates for savings ac and Fixed deposits. Government should have cut taxes on fixed deposit interests.
Government should also reduce prices of housing, education.
Abolish Tax on deposits or put a cap on exemption of interest income, this will solve liquidity position of banks and depositors will be happy.😊
banks' interest rates are pathetic - RBI needs to first mandate them to increase savings interest rates if not this trend will continue
So basically banks pay peanuts interest rate in a high inflation environment plus disadvantageous Taxation structure on bank interests and Governor saab wants us to park our hard earned money with Banks?
Pls get banks to stop selling life insurance and ULIP policies. Let them focus of getting customers good investment instruments.
Why a senior citizen should put money in banks where interest is taxable.??? I am a senior citizen and started investing in the Equities where my investment is giving me higher appreciation and is not liable to tax until I realise gain😂😂😂
Indian banks have enjoyed a cheap supply of deposits for a long term. It is bound to hit once the govt. begins to reduce its footprint from secured investment instruments to riskier market linked ones.
People never trusted banks they trusted sovereign guaranttee and tax friednly savings.
You take it out there is no value in investing in primary investment instruments.
Yes, he is right.
Aur freebies, tax badhao..
Banks are busy selling mutual fund 😂
Why should.banks.monitor.end use of funds? Today every regulator is trying to overregulate ...
Raising inflation due to high taxation resulting people to look for higer income even that also comes with high taxation , but none of corporate ready to address salary issue as resource availability is huge in india...people wanted to earn more...no use of FD... today retails investors mantra is if you keep money stagnant thats the biggest mistake ....
increase FD and saving bank interest rate. people will deposit money in them 😂
Banks are heading for a disaster with current interest rates and tax structure. Governor is least bothered about that
You have taxable interest on a 6.5 percent FD when inflation is at 5 percent and i have to keep money in savings account Are you mad? I bet he himself does not keep money there
Banks want deposit?
ALLOW LTCG with indexation for FD.
No 12.5% tax rubbish!
Its total roll back or nothing.
It does not come under capital tax which will be taxed at 12.5
Not controlling F&O in trading
Where is opening balance of entire stock market,, reverse calculation,, shaving and cutting in india Rs 300 give this rate by reverse calculation all take your parmition reverse rate
You give wrong with dwaing power,, rent dubble bed room 1500 dallar entire Americans rent ,, calculation all expenses of Americans give reverse calculation to Indian economy
Give some benefits to people for keeping money in banks. You guys keep reducing the benefits and increasing tax. People are not fools
Vastly better governor of RBI than the Woke RR we had about six years ago. He has his feet firmly on the ground .
Look into microfinance business so many companies are diving into this business retail customer are unable to repay
A common citizen with out economic knowledge can tell that fixed deposit are useless, given current inflation especially food and shelter. the interest we get on FD is peanuts and those peanuts are taxed further. when real world inflation, not your fake statistics, is at 8-10%, every one knows that 3% 4% interest rate which is further taxed will make them poor
If you start taxing FDs at income tax level, then public wont deposit.
Can RBI deputy team present a DICGC coverage post for Insursnce companies savings bank account holders with available govt selected paper in hand for three different territory country like India and agricultural revenue records and non agricultural revenue records in flying Indian pass port s condition
Agricultural revenue district and non agricultural revenue districts
where deposits are same from public in nationalised Indian banks PSB
First try to ease up the repo rate.
iifl employees do fraud
என்னுடைய நாத்தகத்தியான நீங்கள், எனக்கு நாத்தகத்தி பணம் தந்து உதவுங்களேன்.
நான் உங்களுடைய நாத்தகத்தி இல்லை.
அன்புடன்,
ரா. ஜீவா,
மணக்கரம்பை,
தஞ்சாவூர்.
😂😂😂😂 this what happens unqualified people come too such powerful positions
Nonsense political talks
Ban online gaming
Why a senior citizen should put money in banks where interest is taxable.??? I am a senior citizen and started investing in the Equities where my investment is giving me higher appreciation and is not liable to tax until I realise gain😂😂😂