De-risking risk business: Ensure absorbers before shock, says Vishwanathan

In his keynote address at Business Standard's webinar series, Former deputy governor says good capital buffers are a must

Former Reserve Bank of India (RBI) deputy governor N S Vishwanathan on Friday said “the pandemic has made it clear that risks to the banking sector can emanate from non-economic factors”. Banks will have to keep a close watch on their credit and operational risks, and ensure they have adequate capital buffers, he said in his keynote address at the inaugural session of Business Standard’s webinar series in association with SAS, on 'New Indian Banking Landscape, Post -pandemic’.
 
Vishwanathan also drew attention to the dangers emanating from the enhanced use of digital modes of payments and cautioned banks that