- Advertisement -
Home Personal Finance RBI issued new alert regarding banks! Banking crisis is coming in India!...

RBI issued new alert regarding banks! Banking crisis is coming in India! Know what to do customer?

0
RBI New Update: RBI may cancel Paytm payments bank licence after series of violation

RBI governor Big update: Reserve Bank of India Governor Shaktikanta Das (RBI Governor) has issued a big alert regarding banks. This alert has been issued in view of the conditions of the banks. Is there going to be a crisis like America in India too?



Reserve Bank Of India: Reserve Bank of India Governor Shaktikanta Das (RBI Governor) on Friday warned banks against any kind of asset-liability imbalance. He said that both types of imbalances are harmful for financial stability. He indicated that the ongoing crisis in the US banking system stems from such imbalances. Delivering the annual KP Hormis Memorial Lecture in Kochi, the Governor said that the domestic financial sector is stable and the bad phase of inflation is behind.

No need to fear

On the impact on the ability to repay external debt due to the ongoing volatility in exchange rates, Das said that there is no need to fear, as our external debt is manageable. The strength of the dollar is not a problem for us. Significantly, due to the increase in the value of the dollar, the challenges have increased in front of countries with high external debt risk.

The RBI governor gave information.

Most of the governor’s speech focused on India’s G20 presidency. He said the group of the world’s 20 largest economies (G20) should make coordinated efforts to help countries with high external debt exposure due to rising dollar value. He also said that the G20 should provide climate change financing to the most affected countries.

Information given about the banking crisis

On the US banking crisis, he said that this shows the importance of strong regulations, which emphasize sustainable growth instead of excessive asset or liability creation. Last week, two mid-sized banks in the US – Silicon Valley Bank and First Republic Bank were closed.

Das said that the current US banking crisis clearly shows the risks of private cryptocurrencies to the financial system . He has been an open critic of private digital currencies.

- Advertisement -DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com

Exit mobile version