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Current issues in the Indian banking and financial sector

· Shaktikanta Das, Governor of the Reserve Bank of India (India)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, financial stability

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· Shaktikanta Das Wiki · Reserve Bank of India WikiCurrent issues in the Indian banking and financial sector

ContextInaugural address by Shaktikanta Das, Governor of the Reserve Bank of India, at the Financial Express Modern Banking, Financial Sector and Insurance (BFSI) Summit, Mumbai, 19 July 2024.

Why it mattersIndia's governor refines the capital treatment of interest rate risk at banks.

Problems raised
  1. Banks face interest rate risks.
  2. Rules differ across books.
  3. The sector must stay resilient.
Solutions proposed
  1. Refine capital treatment of interest rate risk.
  2. Strengthen banks' risk management.
  3. Keep dialogue with the sector.
Read full speech on bis.org ↗

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