RBI governor Shaktikanta Das: Reserve Bank of India Governor Shaktikanta Das has said a big thing about the country’s banks in Mumbai today. He has given a message to the banks that they should keep the safety of the customers’ money at the top. Apart from this, the RBI governor has also expressed apprehension that some concerns are emerging on the issue of corporate governance in selected banks, which may result in instability in the banks.
Risk of instability for the banking sector – RBI Governor
According to the RBI governor, the board and management of the country’s banks will have to keep in mind that they should pay attention to such reasons, which can become the cause of instability for the banking sector of the entire country in the future. He said that the country’s central bank cannot allow any kind of insecurity to be seen on public money.
Mentioned America’s banking crisis
On Monday i.e. today, the Reserve Bank of India said this in a conference organized for the directors of the central banks of the country. He emphasized that in order to maintain the strength of the banking sector, it is necessary that any such signals are immediately recognized which can become red flags in the future. For this, he gave the example of America’s banking crisis and said that India will have to adopt a cautious approach before seeing such a situation.
It is necessary to follow the guidelines of RBI
Giving a strong message to the country’s banks to follow the guidelines, the RBI governor said that the need for a strong government structure is the first and most important step for the banking sector of any country. Therefore, the banks of the country should follow the guidelines received from the central bank so that the banking sector is prepared for sustainable financial performance.
Banks need to work on seven important themes
It is necessary for the banks of the country to work on seven important themes and by following them, the banks of the country can remain strong. However, referring to the same theme, he said that selected banks are showing some signs of laxity in following the RBI guidelines and this can become the cause of unstable environment for the banking sector in the future.
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