RBI Update: Surprise can be seen in the financial sector… in which direction Shaktikanta Das is pointing – Indian banking system resilient not impacted adversely by global events says shaktikant das
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Addressing a global conference on financial sector soundness organized by the Reserve Bank promoted ‘College of Supervisors’, Das said on Thursday, “India’s financial system remains strong and has not been adversely affected by financial instability in some advanced economies.” ‘ His statement came a few weeks after the collapse of Silicon Valley Bank. This development has created a crisis situation in the financial sector of America and Europe. It is believed that many more banks may come under its grip.
can get surprise
“The Reserve Bank’s stress tests suggest that Indian banks will be able to keep the capital adequacy ratio above the minimum requirement even in extreme crisis situations,” Das said. Along with this, the Governor cautioned all the stakeholders to be vigilant and said that policies are being adopted out of the box all over the world. In such a situation, some kind of ‘surprise’ can be seen from anywhere in the financial sector. He said the Reserve Bank is committed to strengthening the Indian financial system for the future and supporting its sustainable growth.
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