<\/p>\n\n\n\n
Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors to be careful while chasing high returns as it comes with greater risk. Observing that depositors themselves also need to be very discerning, he said it is important to keep in mind that higher returns or higher interest rates are usually associated with higher risks.<\/p>\n\n\n\n
\u201cSo, just because a bank is offering higher interest, the depositors themselves should be very careful before putting in money while chasing such high returns because usually, our experience is that high returns or high interest rates are associated with higher risks,\u201d he said.<\/p>\n\n\n\n
However, he said there are institutions that are offering higher interest and are still viable but depositors should always be very careful. Speaking at the \u201cDepositors First\u201d event here, Das said the Reserve Bank remains committed to ensuring that the banking system remains robust and resilient but it has to be a joint effort.<\/p>\n\n\n\n
\u201cEvery stakeholder whether it is the management of banks, whether it is the board of banks, whether it is the various committees of banks, the audit committee, the risk management committee, or any other regulatory authority that is associated, it has to be a joint responsibility for all of us,\u201d he said. Das stressed that the payment of the deposit insurance amount should be seen as a measure of last resort. <\/p>\n\n\n\n
\u201cThe RBI has been adopting a proactive strategy to strengthen the regulatory guidelines to strengthen the supervisory methods and to look at things which will ensure that going forward the banks function in a very resilient manner.\u201d <\/p>\n\n\n\n
Recalling his statement in the recent monetary policy statement, Das said, \u201cI had said that the country has demonstrated working together during this entire pandemic and India\u2019s moment has come where India can become a growth driver for the world economy.\u201d<\/p>\n\n\n\n
It will be possible if all stakeholders in the banking system work together, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"
Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors to be careful while chasing high returns as it comes with greater risk. Observing that depositors themselves also need to be very discerning, he said it is important to keep in mind that higher returns or higher interest rates are usually associated with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2682","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/2682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=2682"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/2682\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=2682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=2682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=2682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}