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Being risk-averse will be self-defeating: RBI governor Das to banks

Aug 27, 2020 13:18 IST

RBI Governor Shaktikanta Das on Thursday cautioned banks that being extremely averse to risk will be 'self-defeating' and that lenders will not be able to “win their bread" if they do not carry out their basic task of lending. Speaking at a webinar organised by Business Standard, Das said, rather than becoming averse to lending, banks have to improve their risk management and governance frameworks as well as build sufficient resilience. The RBI governor assured that the country’s banking system “continues to be sound and stable” that the central bank has not 'exhausted its ammunitions' to deal with critical economic conditions.

Economy