Indian banking system is stable, resilient: RBI governor Shaktikanta Das

At a time when India has assumed the presidency of G20, Das said globalisation must produce better outcomes for all, and not just a few

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday that the country’s banking system continued to be resilient and stable, and the central bank had been engaging with domestic lenders on all fronts for the last few years to prepare them for any future risks. His remarks came against the backdrop of the collapse of three banks in the US.

Das said recent developments in the US banking system had brought to the fore the criticality of banking sector regulations and supervision. “These are areas which have a significant impact on preserving the financial stability of every country,” he