RBI Monetary Policy Key Takeaways: Paytm Payments Bank Fallout, Inflation, Growth And More

Only time will tell when a rate cut will happen, says RBI Governor Shaktikanta Das.

On the Paytm action, Das says the regulations are robust, and this was not a case where there was regulatory deficiency.

Paytm issue is one of compliance related to various aspects, says Das.

Deputy Governor Michael Patra clarifies on whether government’s GDP projection is optimistic.

• What goes into nominal GDP is GDP deflator

• GDP deflator is always a combination of CPI, WPI

• WPI has been in deflation for most part of this year, and is just emerging from it

Alert: Nominal GDP projected at 10.5%, with real GDP seen at 7% in FY25

There is still time for customers to access services of Paytm, RBI Deputy Governor Swaminathan J.

• Very difficult to provide hypothetical answers at this time.

• We keep customer at the centre of what needs to be done.

• Each bank has to take their own business decisions with respect to partnership with Paytm.

CBDC could result in more focused use of government's direct benefit transfers, says Governor Shaktikanta Das.

Deputy Governor Ravishankar clarifies about fungibility in use of CBDC, in response to a question by NDTV Profit's Vishwanath Nair.

"When a family puts some currency notes in a package to be used for groceries. This doesn’t mean that the fungibility is lost. It just means that for that duration the money can’t be used for any other purpose."