The Indian economy is recovering from the effects of Corona: Das

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Mumbai, Ta. Thursday, October 22, 2020

With the Indian economy recovering from the Corona crisis and recovering, the country's financial institutions need to have sufficient capital, said Reserve Bank Governor Shaktikant Das.

Banks and non-banking finance companies (NBFCs) must have sufficient capital today as the country's economy is on the verge of recovery.

With the spread of the epidemic, the Reserve Bank instructed banks and NBFCs to take stress tests and also to be vigilant. Speaking on the occasion of the release of a book, the Governor further said that administrative reform in the country's banks and NBFCs is needed today and it is also very important.

Banks that have a strong administrative system, internal control system and risk assessment are never overliverated. Such banks survive and thrive in times of crisis.

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