State-run banks will within two weeks submit to the government a detailed scenario-mapped plan of various business risks, people familiar with the development. They will also outline a communication strategy to deal with any exigency, they said.
This is part of increased vigilance amid turmoil in the US and Europe as depositors fret over banks’ health, they said.
Public sector banks (PSBs) assured finance minister Nirmala Sitharaman at a review meeting on Saturday that the Indian banking system remains robust and there is no cause for worry.
