TIL Desk/Business/Mumbai/ Indicating a softer approach on rate cuts in the wake of economic slowdown, RBI Governor Shaktikanta Das on Monday said growth is the top priority at a time when the Indian banking system is facing many challenges.
In his inaugural address at the Indian Banks” Association annual flagship conference, FIBAC 2019, here, the Reserve Bank of India (RBI) Governor also said the real test for public sector banks (PSBs) is their ability to tap the capital market to raise funds.
“Growth is the top priority today, but it is important to look at financial stability along with growth. Business community is dealing with real challenges in the economy. The MPC (monetary policy committee) finds growth to be the highest priority at this juncture”, Das said.
