Finance Minister Asks Indian Banks To Assess Risks Amid Global Financial Crisis
NDTV
Banks should safeguard themselves from any potential financial shock, the finance minister told bankers according to the statement.
Finance Minister Nirmala Sitharaman has asked state-run banks to assess various financial health parameters amid turbulence across the global banking sector.
After a meeting with chiefs of state-run banks in New Delhi on Saturday, the finance ministry said in a statement that lenders have been asked to identify stress points, including "concentration risks and adverse exposures".
Ahead of the meeting, the government had sought details of the bond portfolios of these banks, Reuters reported.
Banks should safeguard themselves from any potential financial shock, the finance minister told bankers according to the statement.
