India’s financial system sound, lenders should not be extremely risk-averse: RBI Guv
PTI, Jul 24, 2020, 5:11 PM IST
Mumbai: The country’s financial system is sound but lenders should desist from extreme risk aversion during COVID-19 pandemic and beyond, Reserve Bank Governor Shaktikanta Das said on Friday, July 24.
In his foreword to the bi-annual Financial Stability Report (FSR), Das said the top priority right now for banks and financial intermediaries should be for augmenting capital levels and improve resilience.
“In the evolving milieu, while risk management has to be prudent, extreme risk aversion would have adverse outcomes for all,” Das said.
“The financial system in India remains sound; nonetheless, in the current environment, the need for financial intermediaries to proactively augment capital and improve their resilience has acquired top priority,” he added.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Four-day market rally makes investors richer by Rs 8.48 lakh crore
Kotak Bank barred from onboarding customers online, issuing fresh credit cards
Reverse migration has begun, says FM Nirmala Sitharaman
Markets sustain winning streak — Sensex jumps over 560 points, Nifty tops 22,300-level
Sensex climbs 640 points, Nifty tops 22,300-level in early trade
MUST WATCH
Latest Additions
Accused in firing on police arrested in Delhi’s Rohini
Rahul Gandhi concludes Maharashtra visit, departs for Delhi
UP’s 8 constituencies to witness 3-cornered fight in 2nd phase of LS polls on Friday
Karnataka Elections: Cong, BJP in fierce battle as state prepares to vote
Karnataka Elections: Cong, BJP in Fierce Battle as State Prepares to Vote