The Reserve Bank of India has come across instances of some banks trying to conceal the real status of their stressed assets while governance gaps have also been noticed at certain lenders, its governor said on Monday.
"During the course of our supervisory process, certain instances of using innovative ways to conceal the real status of stressed loans have also come to our notice," Shaktikanta Das said during his inaugural address to directors of banks at a conference organised by the RBI.
Das also said that despite the guidelines on corporate governance, it was a matter of concern that the RBI has come across gaps in governance at certain banks, which have the potential to cause some volatility in the sector. However, the Indian banking sector today stands out as strong and stable with a good capital-to-risk-weighed asset ratio, low gross and net bad loan ratios and a healthy provision coverage ratio, Das said.
Therefore, bank boards and senior management should keep a constant vigil on external risks and build-up of internal vulnerabilities, if any.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Baseball: Bohr's RBI triple fuels Batavia rally against No. 2 St. Charles NorthRJ Bohr didn't see immediate success.
Read more »
Kashmir leaders slam India's push for death penalty to Yasin MalikPolitical leaders in India-administered Kashmir denounce New Delhi over seeking death sentence for popular pro-independence leader, Yasin Malik, imploring India to 'let Kashmiris live in peace'
Read more »
Jonathan India (2 HRs) powers Reds past CubsJonathan India had three hits and matched his career highs of two home runs and five RBIs as the visiting Cincinnati Reds beat the Chicago Cubs 8-5 on Saturday.
Read more »
Jonathan India homers twice as Cincinnati Reds beat Chicago Cubs 8-5Dansby Swanson and Ian Happ each had two RBIs for Chicago, which blew a 4-1 lead. Jameson Taillon was charged with four runs and six hits in 4 2/3 innings in a no-decision.
Read more »