Banks, NBFCs must raise capital, do stress tests: RBI Guv Shaktikanta Das

Banks and NBFCs must to do stress tests to ensure credit flow, says Shaktikanta Das

Banks and non-banking financial companies (NBFCs) must get busy raising capital and do stress test as soon as the Covid-19 pandemic is over to build resilience and to be able to provide capital to the economy to ensure growth, Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said. 

“We are today at the doorstep of the revival process following the Covid crisis. We have told banks and NBFCs that as soon as the crisis settles, they must do stress tests,” Das said at a panel discussion during the launch of 15th Finance Commission Chairman N K Singh’s book,  Portraits