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RBI alerts Indian banks amidst SVB crisis

RBI alerts Indian banks amidst SVB crisis

Reserve Bank of India Governor Shaktikanta Das has cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability and hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches.

While delivering the annual KP Hormis (Federal Bank founder) commemorative lecture in Kochi this evening, the Governor was quick to acknowledge and assure that the domestic financial sector is stable and the worst of inflation is behind us.

Amid the continuing volatility in exchange rates, especially due to the excessive appreciation of the US dollar, and its impact on the external debt servicing ability of nations, Mr Das said, "We have nothing to fear as our external debt is manageable and thus appreciation of the greenback does not pose any problem to us".

RBI alerts Indian banks amidst SVB crisis

RBI alerts Indian banks amidst SVB crisis

Reserve Bank of India Governor Shaktikanta Das has cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability and hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches.

While delivering the annual KP Hormis (Federal Bank founder) commemorative lecture in Kochi this evening, the Governor was quick to acknowledge and assure that the domestic financial sector is stable and the worst of inflation is behind us.

Amid the continuing volatility in exchange rates, especially due to the excessive appreciation of the US dollar, and its impact on the external debt servicing ability of nations, Mr Das said, "We have nothing to fear as our external debt is manageable and thus appreciation of the greenback does not pose any problem to us".

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