RBI asks PSBs to focus on risk management

The Reserve Bank of India exhorted public sector banks to strengthen their boards and increase focus on managing risk.

At a meeting with senior management of PSBs in the capital, RBI Governor Shaktikanta Das asked lenders to strengthen governance so that they are able to identify risks early. “The Governor also emphasised the need for banks to ensure continued financial and operational resilience,” said a statement from the RBI. The theme of the meeting was ‘Governance in Banks Driving Sustainable Growth and Stability’.