Remain watchful of recent geo-political developments: RBI Governor to banks

Urges lenders to take appropriate measures, including raising of capital, to shield their balance sheet against any potential impact these events might have

The Reserve Bank of India (RBI) Governor Shaktikanta Das in meetings with the chiefs of select public and private sector banks advised them to remain watchful of the recent geo-political developments and take appropriate measures, including raising capital, to shield their balance sheet against any potential impact of these events.
 
The governor asked the banks to provide necessary support to the ongoing revival of economic activity, among other things, in the meetings held on May 17, and 18. The banks have also been asked to pay attention to the grievance redressal system for further improvement.
 
The meetings with