Chasing high returns, they always come with greater risk says RBI Governor

Chasing high returns, they always come with greater risk

RBI Governor Shaktikanta Das advised investors to be cautious while chasing higher profits, saying they always come with higher risks.

Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday advised investors to be cautious while chasing high returns, saying they always come with a high risk.

Recommended read: International Campaign launched: Gupta brothers at the centre of a probe in South Africa

Mr Das, speaking on the “Depositors First: Guaranteed Insurance Payment up to RH 5 lakh” programme, which was overseen by the Prime Minister, said that high payouts are often associated with significant risks, so investors should be careful. Pursuit of rewards.

He said that keeping banks strong and resilient should be a joint effort and work of bankers, boards and banking committees.

Highlighting the role of RBI in strengthening banking management guidelines, the Governor said that the central bank is diligent in achieving the target.

It also aims to ensure that the banking system remains strong and stable, he said.

He said, “The country has shown cooperation during the Covid pandemic. The time has come for India to become a major driver of the global economy. This will happen only when all the stakeholders of the banking sector work together.”

Mr Das further said that the country can become a “major catalyst” for the global economy if all the stakeholders of the banking sector work together.

He said in a statement, “The banking system has recently reached two important milestones. After a gap of 27 years, we have increased the ICE for these investors from ₹1 lakh to ₹5 lakh. 90 Banks Guaranteed deposit has to be offered.” incident.

During the event, Prime Minister Narendra Modi presented symbolic checks to bankers, who failed to repay their loans, under “depositor first guaranteed insurance payment of deposits of Rs 5 lakh”.

5 lakh per depositor with the introduction of deposit insurance, the total number of fully protected accounts at the end of the previous financial year stood at 98.1 per cent of the total account balance, as compared to the international average of 80 per cent.

Source[1]

Leave a Comment

Your email address will not be published. Required fields are marked *

The Latest Scoop on Daniel Radcliffe’s Dating Life Winona Ryder’s Dating History including Famous Relationships Emma Watson Dating History: A Look at the Rumored Relationships Travis Scott’s Net Worth and Car Collection in 2023 Kristen Stewart Dating History: A Look at Her Relationship Timeline Who is Chris Evans Dating? Get the Latest on His Girlfriend! The Love Story of Mel Gibson’s Wife, Rosalind Ross Minka Kelly Dating History: From Derek Jeter to Chris Evans Dwayne Johnson’s Wife: A Look into the Life of Lauren Hashian Christina Aguilera’s Biography in detail
The Latest Scoop on Daniel Radcliffe’s Dating Life Winona Ryder’s Dating History including Famous Relationships Emma Watson Dating History: A Look at the Rumored Relationships Travis Scott’s Net Worth and Car Collection in 2023 Kristen Stewart Dating History: A Look at Her Relationship Timeline
The Latest Scoop on Daniel Radcliffe’s Dating Life Winona Ryder’s Dating History including Famous Relationships Emma Watson Dating History: A Look at the Rumored Relationships Travis Scott’s Net Worth and Car Collection in 2023 Kristen Stewart Dating History: A Look at Her Relationship Timeline