‘On rates, it’s status quo or cuts; concerned about banks’ mis-selling of insurance’: RBI governor Sanjay Malhotra

RBI Governor Sanjay Malhotra emphasizes India's economic resilience and commitment to managing rupee volatility without targeting specific rates. He highlights the importance of real interest rates for depositors and the central bank's focus on customer protection and cybersecurity. The governor also addresses concerns about UPI concentration and governance lapses in banks.