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During the 612th meeting, the Board discussed the current economic situation and outlook, addressing both international trends and domestic challenges that may affect monetary policy and banking operations in the coming months.
In addition to the economic review, the Board also expressed its gratitude for the valuable services rendered by Shaktikanta Das, who demitted office earlier this month after an extended six-year tenure as the RBI Governor. The Board lauded his leadership in steering the central bank through significant economic challenges.
Also read: As RBI leadership changes, experts reflect on Shaktikanta Das’ tenure and next steps
The meeting also covered the activities of select central office departments, alongside deliberations on the draft report for the “Trend and Progress of Banking in India, 2023-24.”
Other participants included RBI deputy governors Michael Debabrata Patra, M Rajeshwar Rao, T Rabi Sankar, and Swaminathan J, along with Secretary of the Department of Financial Services, Nagaraju Maddirala.
