Country’s financial system remains stable despite slowing economic growth: RBI
In its 20th Financial Stability Report, The Reserve Bank of India, RBI has said the country’s financial system remains stable despite slowing economic growth.
The Report, released yesterday also says that the resilience of the banking sector has improved following recapitalization of Public Sector Banks (PSBs) by the Government. Risks arising out of global or domestic economic uncertainties and geopolitical developments, however, persist.
The Report reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability, as also the resilience of the financial system. The Report also discusses issues relating to the development and regulation of the financial sector.