RBI executive director sees emerging threats to Indian banking
Despite showing "remarkable resilience and stability", the Indian banking sector has room for improvement and needs to take action to head off emerging risks, according to Deepak Mohanty, an executive director at the Reserve Bank of India (RBI).
Speaking at an Indian Chamber of Commerce Banking Summit in Kolkata, Mohanty highlighted five challenges facing Indian banks. Particularly serious was weakening asset quality, which Mohanty said was an "immediate concern for the banking sector". He said
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