India's financial system sound, lenders should not be extremely risk averse: RBI governor Shaktikanta Das

The country's financial system is sound but lenders should desist from extreme risk aversion during COVID-19 pandemic and beyond, Reserve Bank of India (RBI) governor Shaktikanta Das said on Friday. In his foreword to the bi-annual Financial Stability Report (FSR), Das said the top priority right now for banks and financial intermediaries should be for augmenting capital levels and improve resilience.

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