shaktikanta das

RBI: Now, bank boards must settle with wilful defaulters

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MUMBAI: In a move that will make lenders extremely cautious in declaring borrowers as wilful defaulters or frauds, the Reserve Bank of India (RBI) has placed the responsibility of settling such cases with the board of directors.Under its new guidelines, the RBI has also passed on the responsibility of deciding on a compromise settlement to … Read more

Svb: SVB’s lesson is on prudence, but Indian banks stable: RBI governor Shaktikanta Das

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MUMBAI: RBI governor Shaktikanta Das has said that events around the Silicon Valley Bank (SVB) failure in the US highlight the need for banks to be prudent in their asset-liability management and grow their deposits in a sustainable manner. He also said that the incident brings out the dangers that cryptocurrencies pose to banks.“Recent developments … Read more