Reserve Bank of India Governor Shaktikanta Das emphasized the critical role of robust governance in ensuring financial sector resilience. Speaking at a global conference in Mumbai, Das warned against superficial compliance with regulations, which he said would undermine effectiveness. Amidst global uncertainties, he urged regulatory bodies and financial institutions to adopt adaptive strategies. Das highlighted improvements in banks and NBFCs, citing lower non-performing asset ratios. He stressed that strong governance forms the foundation for strategic decision-making aligned with long-term goals and effective risk management practices.
Governor Urges Strong Governance for Financial Sector Resilience
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/06/22093255/TNIE_import_2019_3_6_original_rbi_reuters11212-ezgif.com-avif-to-jpg-converter-860x577.jpg)