'Keeping the financial system resilient, future-ready and crisis-immune:' RBI Guv Shaktikanta Das

Addressing the inaugural session of 'Keeping the Financial System Resilient, Future-Ready and Crisis-Immune', RBI Governor Shaktikanta Das says, "India's domestic financial system is now in a much stronger position than it was before we entered the period of the COVID crisis. Indian financial system is now in a much stronger position, characterized by robust capital adequacy, low levels of non-performing assets, and healthy profitability of banks and non-banking lenders, that is NBFCs. I would like to compliment the banks and other financial sector entities for such a stellar performance in the year which has just ended on March 31. There is absolutely no room for complacency because the world is changing, challenges are coming, complexities are growing, and problems can originate from any corner of the financial system within the country, or the world because of something which may be completely unrelated to you and me..."