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RBI governor asks banks to remain extra careful and vigilant, focus on governance
Governor Shaktikanta Das discussed issues relating to strengthening credit underwriting standards, monitoring of large exposures, implementation of External Benchmark Linked Rate (EBLR) guidelines, bolstering IT security and IT governance, improving recovery from writtenoff accounts, and timely and accurate sharing of information with credit information companies.Reserve Bank of India Governor Shaktikanta Das has reemphasised the need for bank chief executives to pay heed to strengthening governance by focusing on the three areas of compliance, risk management and audit functions.
In meetings with public and private sector bankers on Tuesday, Das also discussed issues relating to strengthening credit underwriting standards, monitoring of large exposures, implementation of External Benchmark Linked Rate (EBLR) guidelines, bolstering IT security and IT governance, improving recovery from writtenoff accounts, and timely and accurate sharing of information with credit information companies.
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