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Remain watchful of recent geopolitical developments, RBI Governor to banks


The Reserve Bank of India (RBI) Governor, Shaktikanta Das, suggested banks to take proactive measures like raising capitals and pay significant attention to improving grievance redress systems in a meeting held on 17-18 May, 2022.

He also asked the public and private banks to remain watchful of the recent geopolitical developments and emerging trends to lessen the potential effect on balance sheets and focus on the revival of economic activity in the country.

In his introductory remarks, the Governor praised the banks for remaining strong throughout the pandemic and supporting economic recovery.

The meeting was addressed to MDs and CEOs of various public and private banks along with senior RBI officials where issues like credit off-take, outlook on asset quality, collection efficiency, setting up of Digital Banking Units, resilience of IT infrastructure and cyber security defenses in banks were discussed.



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