RBI governor Das asks banks to strengthen governance, risk management

On Wednesday, RBI Governor Shaktikanta Das met with MDs and CEOs of public and private sector banks to discuss strengthening governance, risk management, and compliance. He highlighted improvements in asset quality, loan provisioning, and profitability but stressed the need for better cybersecurity, management of third-party risks, and customer education to combat digital fraud. Key issues included credit-deposit growth, liquidity risks, and cross-border use of the Indian Rupee.