FM Nirmala Sitharaman tells PSBs to flag stress points in business, stay alert

Finance Minister Nirmala Sitharaman has urged state-run banks to remain vigilant, stating that they should review their business models closely to identify stress points. Sitharaman has asked banks to be cautious regarding interest rates, concentration risks, and adverse exposures, and to regularly undertake stress tests.

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