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When interest rates decline, these long-term large deposits will still have to be managed and that can lead to lower profits and lower margins, Swaminathan J said.
Swaminathan J, a deputy governor at the Reserve Bank of India, today said the central bank wants lenders to cut down on consumption loans or unsecured loans with undefined end use. Deputy Governor M Rajeshwar Rao also supported and said the move to increase risk weights for unsecured loans is a prudential measure to curb growth or moderate credit growth to certain sectors.
“We would like the bank managements to have a board-approved policy for write-off and also a follow-up to maximise recovery from these accounts for which we are engaging with bank managements,” deputy governor Swaminathan J said.
“We would like the bank managements to have a board-approved policy for write-off and also a follow-up to maximise recovery from these accounts for which we are engaging with bank managements,” deputy governor Swaminathan J said.
India Business News: MUMBAI: governor Shaktikanta Das has asked banks to strengthen governance standards and to pay special attention to compliance, risk management and au.