The Reserve Bank of India on Saturday warned of certain stress points in the financial system, such as the redemption pressure on non-banking financial companies (NBFCs) and mutual funds. The Covid crises may result in higher non-performing assets and capital erosion of banks though the Indian economy has started showing signs of getting back to normalcy, RBI chief Shaktikanta Das said at a stock-taking of the Indian economy at the SBI Banking and Economics Conclave.
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