RBI Governor asks Bank’s MDs and CEOs to remain extra careful and vigilant

The Governor, Reserve Bank of India held meetings with the MD & CEOs of Public Sector Banks and select Private Sector Banks at Mumbai. The meetings were also attended by Deputy Governors,  M. Rajeshwar Rao and Swaminathan J., along with a few senior officials of the RBI. The Governor in his introductory remarks, while noting the good performance of the Indian banking system despite various adverse global developments, stressed that it is in times like these, banks need to be extra careful and vigilant. The Governor also emphasized the need for MD&CEOs to pay special attention to strengthening the governance in the banks.