RBI guv Das chastises banks not doing enough on lending, NBFC liquidity

The Reserve Financial institution of India (RBI) has indicated supplying relaxations to banking institutions on audit of branches for 2019-20, as they experience issues in running department networks owing to the coronavirus lockdown.

RBI Governor Shaktikanta Das on Saturday satisfied heads of big banking institutions, each from the general public and non-public sectors, in two individual classes as a result of videoconferencing to critique the current financial situation, liquidity to non-banking monetary corporations (NBFCs), and the difficulty of moratorium on loan repayments, amid other items.

Das reportedly chastised the banking institutions for not undertaking sufficient on lending and NBFC liquidity. He was also upset about the failure of the Specific Very long Term Repo Operations two. (TLTRO two.), but there was no warning or instruction. “The RBI can only urge,” said a individual who was present in the assembly. The RBI also dwelled on preparations for conducting company after the

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Cyber Incident Could Trigger EU Liquidity Crisis

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Central banks need to “reflect on the challenges to their traditional tools and emergency plans”

Europe’s systemic risk watchdog has warned that a single cyber incident could escalate from operational disruption into a major liquidity crisis across Europe.

The European Systemic Risk Board (ESRB) oversees banks, insurers, asset managers, financial market infrastructures and other financial institutions.

A cyber incident could “create disruption on such a scale that it has the potential to have serious negative consequences for the internal market and the real economy,” the ESRB warned, in a report that gamed both malicious and accidental incidents.

Systemic Cyber Risk: What’s the Culprit?

The report, published in February, was revisited by Computer Business Review this week apropos growing concerns about software supply chains.

In it, the ESRB particularly emphasised “insufficient industry oversight of third party suppliers and the supply chain” as among the most prominent risks.


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