Banks’ IT systems must align with pace of business growth: Das

The capacity of the information technology systems of banks must keep up with the growth in their overall business, Reserve Bank of India (RBI) Governor Shaktikanta Das said in the post monetary policy press conference. The RBI is watchful of every aspect of the financial sector and will take regulatory measures when required. Excerpts:

Q. Will you take further measures to curtail the growth in unsecured personal loans?