RBI governor: India must ‘brace’ for global turbulence
Shaktikanta Das stresses need to stay firm on banks’ asset quality, despite earlier leniency
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, said in a speech on January 18 that India needs to “brace” for a possible “sudden bout of global financial market turbulence”.
In his first published remarks since taking office, Das said the “foremost priority” was to preserve macroeconomic and financial stability, including ensuring banks continue to clean up the bad loans on their balance sheets.
“There is [a] need for continued vigil on the asset quality of banks, as well as
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