The RBI has stated that the banking system is sound and the economy is on the trail to restoration, and the threats to the nation are largely from world spillovers and geopolitical tensions. RBI governor Shaktikanta Das has warned in opposition to cyber dangers too.

The RBI on Thursday launched its bi-annual FSRthe place it stated that unhealthy loans would enhance from the present stage underneath a baseline stress situation and would stay in single digits even underneath reasonable and excessive stress scenario.

“A noteworthy feature of the current situation is the overall resilience of Indian financial institutions, which should stand the economy in good stead as it strengthens its prospects,” stated RBI governor Shaktikanta Das within the FSR.