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Is RBI’s closer scrutiny of banks’ business models making CEOs uncomfortable?

Is Kotak Bank’s outgoing CEO Uday Kotak’s comment on the bureaucratisation of financial services a response to Governor Shaktikanta Das’ comment on the Reserve Bank of India’s (RBI) closer scrutiny of banks’ business models? It appears so.

Das recently said financial resilience is closely linked to a bank’s business model and strategy. The RBI has, therefore, started looking at banks’ business models more closely. “Aspects or deficiencies in the business model itself can spark a crisis in due course,” said Das, while speaking on ‘Future-Proofing the Indian Financial System’ at a conference organised by the College of Supervisors in Mumbai.

Read more at Business Today

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