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Sunday, December 10, 2023

Indian banking sector resilient despite challenges: RBI Governor Das


Reserve Bank of India (RBI) Governor on Wednesday said that despite challenges, the has been resilient and improved in various performance parameters.

At the same time though, he asked public as well as private sector to remain watchful of the evolving macroeconomic situation and take necessary mitigating measures to minimise their impact on balance sheets and contain financial stability risks.

Das made these remarks during a review meeting with Chairpersons of public sector and some private sector banks, which was also attended by other senior officials of the .

He acknowledged the crucial role played by the commercial in supporting the economic growth throughout the turbulent times since the outbreak of pandemic and the ongoing financial market turmoil, official sources said.

Among other matters, issues relating to lagging growth in deposits vis-a-vis credit growth, asset quality, investments in IT infrastructure, adoption of new-age technology solutions and functioning of digital banking units were also discussed in the meeting, they added.




(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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