Business
Resilient financial system and economy, prompt action from the RBI to stop risk accumulation: Das Shaktikanta
By - 11 Jan 2024 05:26 PM
"The central bank is still ""alert and committed to act early and decisively to prevent any build-up of risks,"" according to RBI Governor Shaktikanta Das.According to a report by the Reserve Bank of India (RBI), the country's economy and financial system are still strong due to solid macroeconomic foundations, sound financial institution balance sheets, moderate inflation, improving external sector conditions, and ongoing fiscal consolidation.
The central bank is still ""alert and committed to act early and decisively to prevent any build-up of risks,"" according to RBI Governor Shaktikanta Das.
In the Financial Stability Report (FSR), Das stated, ""Our recent macroprudential measures to curb lenders' exuberance towards certain segments of retail loans underline our commitment to preserve financial stability without compromising availability of funds for productive requirements of the economy."""
