{"id":301666,"date":"2023-03-25T12:20:00","date_gmt":"2023-03-25T12:20:00","guid":{"rendered":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/03\/25\/finance-minister-asks-indian-banks-to-assess-risks-amid-global-financial-crisis\/"},"modified":"2023-03-25T12:20:00","modified_gmt":"2023-03-25T12:20:00","slug":"finance-minister-asks-indian-banks-to-assess-risks-amid-global-financial-crisis","status":"publish","type":"post","link":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/03\/25\/finance-minister-asks-indian-banks-to-assess-risks-amid-global-financial-crisis\/","title":{"rendered":"Finance Minister Asks Indian Banks To Assess Risks Amid Global Financial Crisis"},"content":{"rendered":"

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Finance Minister Nirmala Sitharaman has asked state-run banks to assess various financial health parameters amid turbulence across the global banking sector.<\/p>\n

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”.<\/p>\n

Ahead of the meeting, the government had sought details of the bond portfolios of these banks, Reuters reported.<\/p>\n

Banks should safeguard themselves from any potential financial shock, the finance minister told bankers according to the statement.<\/p>\n

“All the major financial parameters indicate stable and resilient public sector banks,” the statement added.<\/p>\n

Indian lenders are capable of enduring any potential contagion effects emanating from the US banking turmoil, S&P Global Ratings said this week.<\/p>\n

“Strong funding profiles, a high savings rate, and government support are among the factors that bolster the financial institutions we rate,” the rating agency said.<\/p>\n

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)<\/i><\/p>\n<\/div>\n

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[ad_1] 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 […]<\/p>\n","protected":false},"author":1,"featured_media":301667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[362178,937],"_links":{"self":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/301666"}],"collection":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/comments?post=301666"}],"version-history":[{"count":0,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/301666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media\/301667"}],"wp:attachment":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media?parent=301666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/categories?post=301666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/tags?post=301666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}