Current Issues in the Indian Banking and Financial Sector (Inaugural Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - July 19, 2024 - at the Financial Express Modern BFSI Summit, Mumbai) https://www.taxtmi.com/news?id=27624 The Reserve Bank warns that divergent credit and deposit growth can create structural liquidity risk, urging banks to recalibrate funding strategies, improve deposit mobilisation and refine credit underwriting. It stresses prudent management of liquidity and interest rate risks, strengthening cybersecurity, preventing digital frauds and mule accounts, enhancing oversight of third-party outsourcing, enforcing fair conduct and disclosure in retail lending, and promoting transition financing and disclosure while monitoring private credit markets for systemic vulnerabilities. en-us Mon, 22 Jul 2024 12:29:59 +0530 Mon, 22 Jul 2024 12:29:59 +0530 TaxTMI RSS Generator Current Issues in the Indian Banking and Financial Sector (Inaugural Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - July 19, 2024 - at the Financial Express Modern BFSI Summit, Mumbai) https://www.taxtmi.com/news?id=27624 The Reserve Bank warns that divergent credit and deposit growth can create structural liquidity risk, urging banks to recalibrate funding strategies, improve deposit mobilisation and refine credit underwriting. It stresses prudent management of liquidity and interest rate risks, strengthening cybersecurity, preventing digital frauds and mule accounts, enhancing oversight of third-party outsourcing, enforcing fair conduct and disclosure in retail lending, and promoting transition financing and disclosure while monitoring private credit markets for systemic vulnerabilities. News - Mon, 22 Jul 2024 12:29:59 +0530 https://www.taxtmi.com/news?id=27624