NEW DELHI: Growth is the highest priority as of now, every policymaker is concerned with it, says RBI Governor Das. Weaker-than-expected growth with signs of slowdown is the key risk to global financial stability, though banks are more resilient to shocks, says Das.
RBI Governor says IBC amendments will help ring-fence banks; wants state-run banks to access capital from markets rather than depending on Govt.
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 says Das. RBI Governor calls for urgent review of corporate governance at state-run banks.
RBI Governor expects more banks to move to repo-linked loan and deposity pricing; wants faster lending rate cuts. (agencies)