01-01-1970 12:00 AM | Source: Reuters
Indian banks well capitalised, returning to profitability - report
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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.
RBI said banks gross non-performing assets ratio fell to a six-year low of 5.9% 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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