 "RBI")
While the banking industry has remained relatively unscathed from the ill-effects of the Covid-19 pandemic, with asset quality improving from the pre-pandemic levels, the job is essentially half done because it is important to ensure that the financial system escapes unscathed as we exit from the pandemic-driven regulatory forbearance, M Rajeshwar Rao, deputy governor, Reserve Bank of India (RBI) said in a speech on Thursday.
“While we have attempted to combat the impact of pandemic on the financial system, the task is only half done. We have to ensure that the financial system escapes unscathed as we exit from the pandemic-driven regulatory forbearance,” Rao said at an event.
The preliminary assessment of the health of the banking sector is encouraging,
