Every policymaker is concerned with growth as it is the highest priority, said Reserve Bank of India Governor Shaktikanta Das
New Delhi: Growth is the highest priority as of now, every policymaker is concerned with it, said Reserve Bank of India (RBI) governor Shaktikanta Das on Monday (August 19).
Weaker-than-expected growth with signs of slowdown is the key risk to global financial stability, though banks are more resilient to shocks, he added.
RBI Governor said IBC amendments will help ring-fence banks; wants state-run banks to access capital from markets rather than depending on the government.
RBI is keeping a close watch on the interconnectedness of banks and non-banking finance companies, said Das. All regulations put in place by the NHB will continue for HFCs; RBI reviewing some of the norms, Das added.
RBI governor called for urgent review of corporate governance at state-run banks. Das expects more banks to move to repo-linked loan and deposit pricing; wants faster lending rate cuts.
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Last Updated Aug 19, 2019, 11:54 AM IST