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Reserve Bank of India (RBI) Deputy Governor Swaminathan J asked small finance banks (SFBs) to remain vigilant to reduce risks after inaugurating the SFB Directors’ Conference organized by the RBI in Bengaluru. He said that such measures should be taken so that the risks are reduced in time.
Mumbai . Reserve Bank of India (RBI) Deputy Governor Swaminathan J asked small finance banks (SFBs) to remain vigilant to reduce risks. He said that such measures should be taken so that the risks are reduced in time. After inaugurating the SFB Directors’ Conference organized by RBI in Bengaluru, Swaminathan said that governance arrangements will play an important role for the sustainable growth of SFBs. According to an official statement, Swaminathan called on directors to remain vigilant and proactive in identifying and mitigating emerging risks.
He also talked about sustainable business models. According to the statement, he stressed the need to strengthen cyber security to protect against digital threats. Swaminathan also suggested greater focus on financial inclusion, customer service and grievance redressal. This event on Governance in SFBs – Promoting Sustainable Growth and Stability is part of a series that the Reserve Bank has been organizing with Directors of Financial Institutions under its purview in recent times.
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