“Reviving the twin engines of consumption and investment while being vigilant about spillovers from global financial markets remains a critical challenge going forward,” the central bank said in its bi-annual Financial Stability Report (FSR) released on Dec. 27. State-owned public sector banks need to build stronger buffers to absorb any disproportionate operational losses, while private lenders need to focus on corporate governance, the RBI said. The country’s shadow banking sector has been struggling since last year after the collapse of IL&FS, a major infrastructure lender. …read more
Source:: Yahoo Finance
