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Growth is highest priority for monetary policy committee: Shaktikanta Das
Aug-19-2019

Calling for an urgent review of corporate governance at state-run banks, Reserve Bank of India (RBI) Governor Shaktikanta Das has said the business community has been facing various challenges at the moment and growth is a matter of highest priority for the monetary policy committee (MPC) of the central bank.

Das also pointed signs of slowdown in key economies as the key risk to global financial stability but he said banks are more resilient to shocks. He added that Insolvency and Bankruptcy Code (IBC) amendments would help ring-fence banks.

Further, Das wanted state-run banks to access capital from markets rather than depending on the government. Besides, he noted that the RBI is keeping a close watch on the interconnectedness of banks and non-banking finance companies.

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