Business Standard

Banks 'prudent, careful' as economic recovery will take long: CEOs

The bankers were responding to RBI governor Shaktikanta Das's statement that banks risked their own growth by being "extremely risk averse"

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BS Web Team New Delhi
Banks are being "prudent, careful" in giving credit but they are not "risk averse", said industry leaders in a webinar organised by Business Standard on Thursday.
 
The bankers were responding to RBI governor Shaktikanta Das's statement that banks risked their own growth by being “extremely risk averse". “Remaining overly risk averse is like self-immunization but will be self-defeating in a changing environment,” he said in a webinar before the bankers spoke.
 
Amitabh Chaudhry, CEO of Axis Bank, Ashu Khullar, CEO of CITI India, Mallikarjuna Rao, CEO of Punjab National Bank, Rajkiran Rai, CEO of Union Bank of India, Rakesh Sharma,

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First Published: Aug 27 2020 | 12:59 PM IST

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