System-wide gross non-performing assets (GNPA) ratio has improved to a decadal low of 2.8%. While some worries have emerged in unsecured lending, its limited overall exposure is unlikely to present an immediate systemic risk. Appreciably, the banking regulator has started focusing on strengthening Non-Financial Risk (NFR) management.
RBI has resorted to more stringent penalties for NFR violations than before. For institutions that had exhibited issues of technological lapses, high disruptions in customer services or non-compliance to operational guidelines, the regulator severely penalised them by suspending specific operations or barring them from onboarding new customers. These penalties not only reduced the profits of the FIs but also impacted their reputation and market capitalisation. The era of petty regulatory fines is history!
This story is from the December 06, 2024 edition of Financial Express Delhi.
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This story is from the December 06, 2024 edition of Financial Express Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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