'Finance sector governance needs highest priority' says RBI governor

RBI Governor Shaktikanta Das highlighted the importance of governance in ensuring financial sector stability. The latest financial stability report expressed concerns about declining household savings, speculative activities, increased bank borrowing by NBFCs, rising household debt, and speculative trading practices. It emphasized the need for robust risk management and customer-centric approaches to maintain systemic trust and stability. Stress tests showed adequate capital resilience in banks and NBFCs, with a regulatory commitment to strengthen financial health.

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