bank fraud: RBI chief Shaktikanta Das asks bank heads to remain vigilant

bank fraud: RBI chief Shaktikanta Das asks bank heads to remain vigilant


Reserve Bank of India Governor Shaktikanta Das has told captains of the banking industry to remain vigilant to any signs of vulnerabilities amid the process of economic recovery.

He also urged them to continue providing necessary support as the revival is still fragile.

Timely remedial measures against vulnerabilities mitigate the risks and maintain the stability of not only the institutions themselves but also of the overall financial system, Das said.

The Governor on Tuesday held separate meetings with the chiefs of public sector banks and certain private sector banks through video conference. The meetings were attended by deputy governors MK Jain, M Rajeshwar Rao and T Rabi Sankar.

He also sought details on credit flows, especially to micro and small enterprises and the outlook on stressed assets. Pricing of loans has also been discussed. He also touched upon the issues like collection efficiencies, engagement of banks with fin-tech entities and consumer protection, a note from RBI said.



Source link

Add a Comment

Your email address will not be published.