Mumbai: The Governor of Reserve Bank of India (RBI) Shaktikanta Das said that the apex bank is closely monitoring the business models of banks.
Speaking at an event Das said that the RBI has put in place various frameworks to monitor the banks.
It has also deployed macro prudential measures to assess system level buildup of risks as confirmed by Das in his speech.
While talking about the recent events in banking landscape in United States and Europe he said that the banks and other financial institutions need to be organizationally resilient.
He, however, said that financial sector surprises can come from anywhere at a time when participants world over are adopting unconventional policies. He urged the stakeholders to be watchful.
Das further said that banking supervision in India is robust with the RBIs coverage of institutions regardless of asset size. The Finance Ministry earlier said that Macro stress tests are also performed from time to time on individual banks.
ALSO READ: Karbi Anglong gets its first FM transmitter
FIRST Business Portal addressing the potential of business capability of North East Region.
