‘RBI open to examine proposal on bad banks’
   Date :17-Jan-2021

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NEW DELHI :
 
 
IF there is any proposal on bad banks, the Reserve Bank of India (RBI) will examine the proposal, RBI Governor Shaktikanta Das during 39th Palkhiwala Memorial lecture on Saturday. “Bad banks have been under discussion for a long time, we are open to looking up any proposal on bad banks.
 
It is for the Government to come up with such a proposal, and if any, we will examine the proposal,” said Das while reply to a question. Talking about the governance reforms Das said integrity and quality of governance are keys to good health and robustness of banks and non-banking financial companies (NBFCs).
 
“Recent events in our rapidly evolving financial landscape have led to increasing scrutiny of the role of promoters, major shareholders and senior management vis-a-vis the role of the Board. RBI is constantly focussed on strengthening the related regulations and deepening its supervision of financial entities. Some more measures for strengthening the governance in banks and NBFCs are in the pipeline and will be announced in the next few weeks,” the RBI Governor stated.