Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has said that India is in a sweet spot to grow robustly amid global turmoil and monsoon risks to growth. However, he maintained that developing credit markets was essential
He was inaugurating the first annual seminar on ‘Banking regulation, intermediary soundness and systemic stability’ organised by the Indian Institute of Management, Kozhikode (IIM-K) here on Tuesday.
To address credit risks, Mr. Rao said financial intermediaries should consider credit risk as a core element in their strategies. He called for a framework based on five elements of Ms - measuring, monitoring, managing, mitigating, and migrating.
