Banking sector remains resilient and stable: RBI

Image
Capital Market
Last Updated : Feb 06 2023 | 9:31 AM IST
The Reserve Bank of India (RBI) has said that as a regulator and supervisor, it maintains a constant vigil on the banking sector and on individual banks to maintain financial stability.

The RBI said, as per its current assessment, the banking sector remains resilient and stable. It added that various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy. The RBI further added that banks are also in compliance with the large exposure framework (LEF) guidelines issued by it.

The RBI has a Central Repository of Information on Large Credits database system used for monitoring purposes, where the banks report their exposure of five crore rupees and above. The RBI said it remains vigilant and continues to monitor the stability of the Indian banking sector.

The RBI issued the statement amid media reports expressing concern about the exposures of Indian banks to a business conglomerate.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Quarterly Starter

₹900

3 Months

₹300/Months

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Months

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 premium stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Gold price in Delhi today is ₹ 84,470, Click Here for other cities. Silver price in Delhi today is ₹ 84,470, Click Here for other cities.

First Published: Feb 06 2023 | 9:20 AM IST

Subscribe to read without limits
Subscribe Now
Next Story