mumbai rbi governor shaktikanta das has said that events around the silicon valley bank svb failure in the us highlight the need for banks to be prudent in their assetliability management and grow their deposits in a sustainable manner he also said that the incident brings out the dangers that cryptocurrencies pose to banksrecent developments in the us banking system have brought to the fore the criticality of banking sector regulation and supervision these are areas which have a significant impact on preserving the financial stability of every country das said in a speech on friday without specifically naming svb das said that developments in the us drive home the importance of ensuring prudent asset liability management robust risk management and sustainable growth in liabilities assets undertaking periodic stress tests and building up capital buffers for any unanticipated future stressdas was optimistic about the world economy the risk of a hard landing has dissipated world over even as the pace of disinflation remains less than desirable he said he was delivering the k p hormis commemorative lecture at federal banks headquarters in kochidas said that the indian financial system was stable as it was backed by a wellregulated and supervised banking sector along with a wellregulated nbfc sector and other financial entities that are under the central banks domainwe are now doing a much deeper dive into the business models of banks which may not be to the liking of the banks they may feel that we are interfering in their commercial operations we are not we sensitise them that we have analysed we find that this problem is developing in your bank has this problem been considered by you if not let the bank board take a decisionthe rbi governor also said that although there was ongoing volatility in exchange rates especially due to the excessive appreciation of the dollar and its impact on the external debtservicing ability of nations indias external debt was within manageable limits we have nothing to fear as our external debt is manageable and thus appreciation of the greenback does not pose any problem to us he saiddas said that the group of worlds largest 20 economies g20 should enhance their coordination to help those countries that face challenges relating to high external debt due to the recent strengthening of the dollar he also stressed on the immediate need for the g20 to provide climate change financing to the most affected countriesthe central banker spoke about how g20 through global partnership for financial inclusion gpfi is facilitating dialogues on financial inclusion across the world with micro small and medium enterprises msmes being the main focus groupindia is sharing its experience in financial inclusion as well as in the use of digital public infrastructure for achieving the goals of poverty alleviation and economic empowerment of vulnerable sections of society india has been one of the forerunners in addressing the issue of lastmile connectivity by leveraging its worldclass digital public infrastructure which includes the jam