Be vigilant to vulnerabilities: RBI governor Shaktikanta Das to banks

The RBI data showed that credit growth is improving, albeit at a slower pace

RBI Governor Shaktikanta Das on Tuesday asked banks to remain vigilant to any emerging signs of vulnerabilities and take timely steps to mitigate the risks.

In a statement, the Reserve Bank of India (RBI) said the governor held separate meetings in virtual mode with managing directors (MDs) and chief executive officers (CEOs) of public sector banks and some private sector banks (PSBs).

In his opening remarks, Das acknowledged the improved financial and operational resilience of the banking sector that imparts strength to financial stability. He, however, emphasised the need for banks to continue providing necessary support in the revival of economic activity.

Bankers