RBI Governor Shaktikanta Das on Friday said one should not use one incident to generalise the situation in the entire co-operative banking sector. He said the central bank would not allow any such bank to fail. Responding to a question on PMC Bank, a corporative bank in the eye of a storm, he said the central bank acted promptly and swiftly with the issue and that EOW is looking at the case. Das said RBI is in talks with the government on changing the regulations for co-operative banks. “RBI won’t allow a co-operative bank to collapse,” the Governor said, and appealed to depositors to not worry about banks.
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Watch RBI will not let any co-operative bank to collapse: Shaktikanta Das clarifies on rumours With HD Quality.
RBI Governor Shaktikanta Das on Friday said one should not use one incident to generalise the situation in the entire co-operative banking sector. He said the central bank would not allow any such bank to fail. Responding to a question on PMC Bank, a corporative bank in the eye of a storm, he said the central bank acted promptly and swiftly with the issue and that EOW is looking at the case. Das said RBI is in talks with the government on changing the regulations for co-operative banks. “RBI won’t allow a co-operative bank to collapse,” the Governor said, and appealed to depositors to not worry about banks.
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Watch RBI will not let any co-operative bank to collapse: Shaktikanta Das clarifies on rumours With HD Quality
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About This Video
Recently, there has been a threat of financial crisis on the banking sector in America, a shocking statement has come out from RBI Governor of India Shaktikanta Das regarding the growing banking threat of America, in which the governor warned the Indian banking sector. Said that “they should pay attention to the balance of their balance sheet, so that the balance of asset-liability does not get disturbed.
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