What message did the RBI Governor convey to bank boards recently
The RBI Governor urged bank boards to proactively monitor portfolios and address potential risks.
- The RBI Governor emphasized the need for bank boards to proactively monitor their portfolios to identify potential risks.
- He urged bank boards to ensure that risk management practices are in place and functioning effectively.
- It was advised that bank boards should regularly assess the quality of their assets and take necessary steps to address any vulnerabilities.
- The RBI Governor emphasized the importance of maintaining a strong governance framework within banks to ensure transparency and accountability.
- He encouraged bank boards to actively engage with regulators and implement necessary measures to mitigate systemic risks.
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5 months ago