Proactively monitor portfolios, address potential risks: RBI Governor Shaktikanta Das to bank boards

RBI Governor Shaktikanta Das urged bank boards to proactively manage risks by monitoring portfolios, identifying over-concentration, and addressing potential vulnerabilities. He emphasised the need to strengthen internal governance to curb unethical practices and adapt to evolving challenges like technological advancements and climate change. Das highlighted the banking sector's strength while advocating for leveraging favorable conditions to enhance resilience and sustainability.