RBI Governor asks financial system stakeholders to assign highest priority to governance

New Delhi: The Reserve Bank of India's (RBI) Governor Shaktikanta Das on Thursday asked all stakeholders in the financial system to assign "highest priority" to governance.

In his foreword to the central bank's half-yearly Financial Stability Report, Das said the Indian economy is exhibiting strength and resilience, with strong macroeconomic fundamentals and buffers amid global headwinds.

PSU Watch is now on Whatsapp Channels. Click here to join

RBI stress tests show that even under severe stress scenarios, banks' and non-banks' buffers will remain above minimum regulatory capital levels, Das said.

The RBI is watchful of emerging risks from cyber hazards, climate change and global spillover, he said, asking all the stakeholders to devote focus on governance.

"The highest priority must be assigned to governance as strong governance is at the core of resilience of stakeholders in the financial system," he said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)