Early assessment of banking sector health encouraging: RBI deputy guv

"The asset quality of banks has improved and the gross NPAs and net NPAs of the banks have improved from the pre-pandemic levels," Rao said

While the banking industry has remained relatively unscathed from the ill-effects of the Covid-19 pandemic, with asset quality improving from the pre-pandemic levels, the job is essentially half done because it is important to ensure that the financial system escapes unscathed as we exit from the pandemic-driven regulatory forbearance, M Rajeshwar Rao, deputy governor, Reserve Bank of India (RBI) said in a speech on Thursday.

“While we have attempted to combat the impact of pandemic on the financial system, the task is only half done. We have to ensure that the financial system escapes unscathed as we exit from the