Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
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06/09/20264 min read
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RBI Governor Shaktikanta Das on banking supervision: ‘Need to see stress before it builds up’
BankingRBI
Reserve Bank Governor Shaktikanta Das, addressing the College of Supervisors' global conference on financial resilience in Mumbai, underscored the imperative of constant vigilance in banking. \r
He highlighted recent global banking failures, including those in the United States and the collapse of Credit Suisse, acquired subsequently by UBS. Emphasizing the need for proactive supervision, Governor Das expressed concerns about supervisors lagging economic cycles and stressed the importance of early crisis detection and prevention mechanisms. \r
He noted that timely measures to slow down unsecured loan growth were taken to preempt risks. Das affirmed that India's financial system is now stronger post-Covid-19, advocating for adaptive supervisory approaches to anticipate and manage future stresses.
