Accueil » Financer

RBI governor Shaktikanta Das calls for stronger governance structure in banks, NBFCs

17 Janvier, 2021, 10:42 | Auteur: Auguste Feret
  • Budget 2021 has to be prudent and growth oriented says reserve bank of india RBI governor shaktikanta das

If there is any proposal on bad banks, the Reserve Bank of India (RBI) will examine the proposal, RBI governor Shaktikanta Das during 39th Palkhiwala Memorial lecture on Saturday.

While delivering the 39th Palkhivala Memorial Lecture this morning, RBI governor Shaktikanta Das said, "Our scale-based regulation for NBFCs as you know we announced in our last policy on December 4th... the discussion paper is nearly ready. It will come out in next few days, perhaps in the next week".

The RBI was focused on strengthening supervision of financial entities, he said, adding the thrust of supervision was identifying the root causes of stress rather than addressing symptoms.

Earlier in December while announcing the monetary policy, the governor had hinted that a scale-based regulatory approach linked to the systemic risk contribution of NBFCs could be the way forward. "Risk management in banks and NBFCs should evolve with changing technology and worldwide best practices", Das said.

NPAs of the banking sector are expected to shoot up to 13.5 per cent of advances by September 2021 from 7.5 per cent in September 2020 under the baseline scenario, the Financial Stability Report of the Reserve Bank of India (RBI) said earlier this week.

Looking ahead, Shaktikanta Das said that integrity and quality of governance are key to good health and robustness of banks and NBFCs.

James Harden thanks Houston and Rockets fans in Instagram post
Brooklyn has gone 3-2 in Irving's absence and has won back-to-back games since losing to the Oklahoma City Thunder on Sunday. The other is his new teammate, James Harden . "He's been doing it for a very, very long time ", Harden said .

NASA's Boeing Moon Rocket Set For "Once-In-A-Generation" Ground Test
Once testing is complete, the Core Stage will be mated with two expendable Solid Rocket Boosters (SRBs) like the Space Shuttle. The engine fire test is the last crucial test in a series of tests known as the Green Run .

Ben Affleck still embittered by the press's racist comments about Jennifer Lopez
It has just been announced that Ben has an exciting project in the works! Help other people.' It's a good set of things that they teach you.

"This (ensuring god governance structure) constitutes the first line of defence on financial stability".

"Financial stability is a public good and its resilience and robustness need to be preserved and nurtured by all stakeholders".

Cautioning about the rising non-performing assets (NPA) he said the current COVID-19 pandemic-related shock will place greater pressure on the balance sheets of banks in terms of non-performing assets, leading to erosion of capital.

Das also stressed the need for proper internal audit in banks, calling it an important component in ensuring the financial stability of these institutions and the larger financial system.

He further stated that primary estimates suggested that potential recapitalisation of banks' requirements for meeting regulatory norms, as well as for supporting growth capital, maybe to the extent of 150 basis points of Common Equity Tier-I capital ratio, for the banking system. While a few large public sector banks (PSBs) and major private sector banks (PVBs) have already raised capital, and some have plans to raise further resources taking advantage of benign financial conditions, Das said the process would have to be put on the fast track.

Conseillé:



Populaire

Here's Your First Look At LeBron James "Space Jam"
In the unveiling video, James confidently walks to his right before redirecting to the center to look directly into the camera. No. 6 was James' number with the Miami Heat and the USA National Team, as well as his practice uniform .

Aus vs Ind: Gabba Test day two cut short due to rain
India's reply began shakily after lunch, with the relentless Pat Cummins having opener Shubman Gill caught in the slips for seven. While the ground drained quickly afterwards, the umpire called off the day as the outfield was too wet for play to continue.

Le boulanger en grève de la faim hospitalisé aux urgences — France
Parmi les personnes qui se sont battues pour la régularisation de sa situation figure de son patron, Stéphane Ravacley . Laye reprendra le travail mardi 19 janvier. "On a reçu un appel de la préfecture nous demandant de nous y rendre.

Shahid Afridi bats for Mohammad Amir
After the snub, Malik had stayed on but Amir announced that he will not play under Misbah and Waqar Younis. Amir also took a dig at coaches for the recent series losses against New Zealand.

Canada to be impacted by Pfizer COVID-19 delay for four weeks
It took Moderna just two days to create the mRNA vaccine now being used to protect people from COVID-19. The majority of these people also had a history of allergies or allergic reactions, the agency added.

Nepal Climbers 1st To Scale K2, World's 2nd Highest Mountain, In Winter
Congratulating the Nepalese climbers, GB chief minister said: "I hope the other mountaineers will also succeed in their quest". A team of climbers triumphed yesterday, becoming the first to conquer the world's second-highest mountain in winter.

Kanye West's Yeezy Sues Former Intern For $500000
"I Will Out You In A Hot Second - is suing his former intern for running his mouth to the public". Inwards signed an NDA that included a liquidated damages provision for $500,000.

Post Malone donated 10,000 fully sold Crocs to frontline workers
And on April 4, Miley Cyrus and then-boyfriend Cody Simpson delivered 120 tacos to a hospital to express gratitude to hospital workers, whom Simpson dubbed "the heroes of our time".

Trump's Mar-a-Lago warned over coronavirus mask violations
He also claimed that the large gathering could have endangered the local community, in the complaint sent to Palm Beach County . When the town agreed in 1993 to convert the private residence into a club, his attorney said he would no longer live there.

Facebook blocks new events around DC and state capitols
TNational Guard troops have been seen patrolling around the Capitol building fences, while also stopping drivers at road blocks. And we're doing a secondary review of inauguration-related events and removing policy-violating ones.

Dernier

Tendances