On November 3, 2021, Reserve Bank of India Governor Shaktikanta Das has told captains of the banking industry to remain vigilant to any signs of vulnerabilities amid the process of economic recovery.He also urged them to continue providing necessary support as the revival is still fragile.Timely remedial measures against vulnerabilities mitigate the risks and maintain the stability of not only the institutions themselves but also of the overall financial system, Das said. Q-Comment on the above case and state the precautions banks must undertake at present time.
On November 3, 2021, Reserve Bank of India Governor Shaktikanta Das has told captains of the banking industry to remain vigilant to any signs of vulnerabilities amid the process of economic recovery.He also urged them to continue providing necessary support as the revival is still fragile.Timely remedial measures against vulnerabilities mitigate the risks and maintain the stability of not only the institutions themselves but also of the overall financial system, Das said. Q-Comment on the above case and state the precautions banks must undertake at present time.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter12: Money, Banking And The Financial System
Section: Chapter Questions
Problem 15QP
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On November 3, 2021, Reserve Bank of India Governor Shaktikanta Das has told captains of the banking industry to remain vigilant to any signs of vulnerabilities amid the process of economic recovery.He also urged them to continue providing necessary support as the revival is still fragile.Timely remedial measures against vulnerabilities mitigate the risks and maintain the stability of not only the institutions themselves but also of the overall financial system, Das said.
Q-Comment on the above case and state the precautions banks must undertake at present time.
Q-Comment on the above case and state the precautions banks must undertake at present time.
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