The boards of Indian banks should remain vigilant about the build-up of concentrations within their business models, said Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.
This is to ensure there is no excessive reliance on specific sectors, markets, or customer segments that could expose the banks to amplified risks, particularly during times of economic stress or industry shifts, Das said at the conference of directors of private sector banks in Mumbai on the theme Transformative Governance through Sound Boards.
Observing that boards should adopt a proactive approach in identifying and addressing potential challenges, Das said bank boards must play an active role by regularly monitoring their portfolios, identifying potential areas of over-concentration, and taking pre-emptive steps to maintain a balanced approach.
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