NEW DELHI : Debt resolution framework is expected to give durable relief to borrowers facing COVID-related distress said RBI Governor Shaktikanta Das.
Post containment of pandemic, careful trajectory needs to be followed for unwinding; financial sector should return to normalcy said RBI Guv.
By no sense should it be assumed that RBI will unwind the measures soon, Governor Das clarifies.
Overall, the banking sector continues to be sound and stable: Shaktikanta Das.
Consolidation of PSBs a step in right direction; size of banks is essential, but efficiency is even more important said RBI Guv.
Being overly risk-averse is self-defeating for banks, says RBI chief.
RBI Governor says there is considerable room for improvement in banks to avoid frauds.
To say that banks will face stress is stating the obvious; what is more important is how banks react and respond to the challenge said RBI Guv. (agencies)
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