RBI Governor tells bankers to remain watchful of evolving macroeconomic situation

Reserve Bank of India (RBI) Governor Shaktikanta Das has advised managing directors (MDs) and chief executive officers (CEOs) of public and private sector banks to be watchful of the evolving macroeconomic situation, including global spillovers. During a meeting, he asked them to take mitigating measures proactively so that the potential impact on their balance sheets is minimised and financial stability risks are contained. Among other matters, issues relating to lagging growth in deposits vis-a-vis credit growth, asset quality, investments in information technology (IT) infrastructure, adoption of new-age technology solutions and functioning of digital banking units (DBUs) were also discussed.

1. https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR121519A24EC6D5B3488894C7BB422029FBEA.PDF