Friday, July 12, 2024

India's domestic economy stronger: Shaktikanta Das









Leader Online Desk: India's domestic financial system is now in a much stronger position than during the Covid era. RBI Governor Shaktikanta Das said the financial system is in a strong position with strong capital adequacy, low level of non-performing assets, banks and non-banking non-banking (NBFCs). He addressed a session on 'Keeping the Financial System Resilient, Future-Ready and Crisis-Free' in Mumbai today (20th).

On this occasion, Shaktikanta Das said that I would like to appreciate the banks and other financial sector institutions for their excellent performance during the year ended 31st March. But the world is changing, challenges are coming, complications are increasing, so there is absolutely no room for complacency. Problems can arise from any corner of the financial system of the country or the world, Das said.

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