Indian Banks Well Capitalised, Returning To Profitability, Says RBI Report

"The financial system is well-capitalised and returning to profitability," RBI Governor Shaktikanta Das said in his foreword to a report.

Indian Banks Well Capitalised, Returning To Profitability, Says RBI Report

Indian banks well capitalised, returning to profitability, says RBI report

MUMBAI:

Indian banks and non-banking institutions have sufficient capital buffers to withstand shocks and would be able to comply with minimum capital requirements even under extreme stress scenarios, according to a report published by the Reserve bank of India on Thursday.

The RBI said banks gross non-performing assets ratio fell to a six-year low of 5.9 per cent in March 2022.

"The financial system is well-capitalised and returning to profitability," Governor Shaktikanta Das said in his foreword to the report.

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