Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
Peoples priority is livelihood issues
access_time 12 April 2024 4:30 AM GMT
The survival challenge before the CPM
access_time 10 April 2024 5:05 AM GMT
NATO
access_time 9 April 2024 4:00 AM GMT
Genocide failing in its goal
access_time 8 April 2024 4:13 AM GMT
DEEP READ
Schools breeding hatred
access_time 14 Sep 2023 10:37 AM GMT
Ukraine
access_time 16 Aug 2023 5:46 AM GMT
Ramadan: Its essence and lessons
access_time 13 March 2024 9:24 AM GMT
exit_to_app
Homechevron_rightIndiachevron_rightEconomic turbulence:...

Economic turbulence: Finance Minister asks banks to assess risk

text_fields
bookmark_border
Economic turbulence: Finance Minister asks banks to assess risk
cancel

New Delhi: As turbulence brew across the global banking sector, Finance Minister Nirmala Sitharaman told state-run banks to assess various financial health parameters, Reuters report.

The minister said so in a statement after a meeting with the chiefs of state-run banks in New Delhi on Saturday. She said that lenders had been asked to identify stress points, including "concentration risks and adverse exposures".

Reuters reported that before the meeting, the Centre had sought details of the bond portfolios of said banks. The minister mandated that the banks must safeguard themselves from potential financial shock, the statement informed.

The S&P Global Ratings suggested this week that Indian lenders are capable of enduring any potential contagion effects emerging from the US banking turmoil.

According to the rating agency, strong funding profiles, high savings rates and government support are among the factors that bolster the financial institutions they rate.

Show Full Article
TAGS:Nirmala Sitharamanfinance ministerbanks
Next Story