Bankers join issue with Reserve Bank of India Governor on risk aversion comment

The comments come on the back of steadily slowing credit offtake, leading many to wonder if banks have become too risk-averse because of their concerns over asset quality in a pandemic-stricken economy. According to the RBI's annual report released earlier this week, frauds doubled to Rs 1.85 lakh crore in FY20.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QwaBDq