What is desirable is focus on governance, focus on risk management, focus on quality of decision making and building up resilience, according to RBI Governor Shaktikanta Das
Current pandemic-related shock has placed a greater pressure on banks, and this may lead to an erosion of their capital. Tune in to this podcast to know Governor Shaktikanta Das' take on the matter
Heads of various banks sought to present a counter narrative on Shaktikanta Das warning lenders about the perils of risk aversion in the pandemic-stricken environment where credit demand is waning
Here are the top headlines of the day
There would be a very careful recalibration of emergency measures once an end to Covid-19 was in sight, RBI Shaktikanta Das said while delivering the keynote address at the BS Unlock BFSI 2.0 webinar
He was speaking on the theme "It is Time for Banks to Look Deeply Within: Reorienting Banking Post-Covid"
The bankers were responding to RBI governor Shaktikanta Das's statement that banks risked their own growth by being "extremely risk averse"
Why are the bond yields hardening when there is ample liquidity in the system and RBI is willing to do anything to ensure a non-disruptive market borrowing by the government?
Business Standard opinion pieces for the day talk about, among other things, how the government is performing
On rate cuts, governor says RBI will intervene when needed
The committee on business loan resolution would submit its recommendations within one month and the central bank will soon release its final guidelines on the issue
After a three-day brainstorming earlier this month, all the six members of the Das-headed Monetary Policy Committee (MPC) had opted for a status quo and left interest rates unchanged
An Monetary Policy Committee is not needed unless you want to decorate your central bank
It will take some effort to ensure that the RBI's one-time loan recast scheme works satisfactorily, reports Raghu Mohan
Last year the RBI's board approved a record payment of Rs 1.76 trillion ($23.5 billion) to the government, which included Rs 1.23 trillion as dividend and Rs 526.4 billion from its surplus capital
The members can come from diverse backgrounds such as finance, labour and economics, and must have a say in the entire interest-rate architecture
The RBI's monetary policy committee has kept the repo rate unchanged at 4 per cent, amid rising inflationary pressure and a grim economic outlook
Rate cut off the table for now; focus is on other measures to ease stress in system