RBI’s Das calls for legislation on resolution corporation
Several banks in India remain troubled, and Covid-19 may trigger further problems, governor says
The governor of the Reserve Bank of India has called for legislation to establish a resolution corporation in India, as instability continues to plague the financial sector.
“Going forward I think we need legislative backing to have some kind of a resolution corporation,” Shaktikanta Das told a conference organised by State Bank of India.
Nevertheless, he stressed the RBI will be toughening its supervisory approach with the hope of avoiding bank collapses in the first place. “Our primary focus
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