In his video address to the G20 meeting of the finance ministers and central bank governors, PM Modi said it was imperative for the grouping to provide stability, confidence and growth to the global economy.

Reserve Bank of India Governor Shaktikanta Das has cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability and hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches.

"Finance Minister Smt @nsitharaman called upon the G20 to enhance global global risk monitoring and explore the scope for policy co-ordination to deal with such global risks," a tweet by the Finance Ministry said.