Protection of depositors’ money should be a priority for banks: RBI Governor Shaktikanta Das

Protection of depositors’ money and ensuring a robust financial sector should be a priority of banks, Reserve Bank of India (RBI) Governor Shaktikanta Das said on May 29, Monday, at a private bank board directors meeting. Das added that often risks get overlooked or even forgotten when things go smoothly. The governor further advised boards and senior management to maintain a constant vigil on external risks. He said better corporate governance is needed for better conditions of banks and good financial performance.

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