The Indian banking sector has remained resilient and continued to improve in various performance parameters, said RBI Governor Shaktikanta Das at a meeting with MDs and CEOs of some public sector and private sector banks on November 16.
The governor in his introductory remarks acknowledged the crucial role played by the commercial banks in supporting the economic growth throughout the turbulent times since the outbreak of pandemic and the ongoing financial market turmoil. He advised the banks to remain watchful of the evolving macroeconomic situation, including global spillovers, and take mitigating measures proactively so that the potential impact on their balance sheets is minimised and financial stability risks are contained.
Issues relating to lagging growth in deposits vis-à-vis credit growth, asset quality, investments in IT infrastructure, adoption of new-age technology solutions, functioning of digital banking units, and other matters were discussed in the meeting.
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