RBI Governor Shaktikanta Das asks Indian banks to be vigilant about evolving macroeconomic situation, take steps to minimise risks

India's central bank governor on Wednesday asked the country's lenders to remain watchful of the evolving macroeconomic situation, including global spillovers, and take mitigating measures proactively to minimise any impact on their balance sheets and to contain financial stability risks.

Reserve Bank of India Governor Shaktikanta Das today met the managing directors and chief executive officers of state-run and private banks. RBI Deputy Governor M. K. Jain and some senior officials of the central bank also attended the meeting.

Das acknowledged the crucial role played by the commercial banks in supporting the economic growth throughout the turbulent times since the outbreak of pandemic and the ongoing financial market turmoil. The governor also said that the Indian banking sector has remained resilient and continued to improve in various performance parameters.

The governor and the top bankers also discussed issues such as lagging growth in deposits vis-à-vis credit growth, asset quality, investments in IT infrastructure, adoption of new-age technology solutions and functioning of digital banking units, etc.