Banks should avoid long-term, high-risk lending: FM Nirmala Sitharaman

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Banks should avoid long-term, high-risk lending: FM Nirmala Sitharaman - Business Standard

Quick Summary:

However, RBI Governor Shaktikanta Das has highlighted that with food inflation comprising 46 per cent of the consumption basket, the pressures from it cannot be ignored by the monetary policy committee.

Although she refrained from directly commenting on the ongoing issue with Sebi Chairperson Madhabi Puri Buch, she emphasised that there is a lot to be looked into regarding the facts that are emerging on the matter.“I strongly recommend that facts are taken on board before we discuss anything to do with the regulators,” she said.

Interestingly, Sitharaman's statements come at a time when Indian banks are struggling to mobilise deposits, with the RBI repeatedly directing banks to adopt innovative ways to attract deposits.