 "RBI Governor Shaktikanta Das")
The Reserve Bank of India (RBI) wants banks to identify vulnerabilities early and raise capital in time and not wait for when the requirement is due.
"While banks must identify their weaknesses and strengths in how to deal with the current pandemic, such events could be frequent in the coming days and the financial system has to remain prepared. Financial stability is as important as pursuing growth," said Reserve Bank of India (RBI) governor Shaktikanta Das at State Bank of India’s (SBI) annual Economics and Banking Conclave.
“Building buffers and raising capital (for all kind of banks) will be very
