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Wipro 397.65↑1.90(0.48%)

Indian banks in good shape, but early to call it too good: N S Vishwanathan

Ex-RBI deputy governor says banks need to sustain their current resilient structure

N S Vishwanathan, Former Deputy Governor, RBI

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N S Vishwanathan, former deputy governor of RBI and chairperson of College of Supervisors, at a SAS-Business Standard event on Risk & Banking Resilience in Mumbai on Tuesday. Photo: Kamlesh Pednekar

4 min read Last Updated : May 23 2023 | 9:43 PM IST

The Indian banking system has room to improve further and needs to sustain the healthy profile while ensuring that the current spell of optimism does not turn into irrational exuberance, said N S Vishwanathan, former deputy governor, Reserve Bank of India (RBI), and the chairperson of College of Supervisors.

Speaking at the SAS-Business Standard event “Risk & Banking Resilience”, Vishwanathan pointed out that the banking ecosystem in India had moved from “too bad to normal”, supported by regulatory action. “It is nice that the banking system is in good shape. It is a little early to call it too good because I think it was too bad in the past. What I see is that we are moving from too bad to normal. But this has not happened overnight,” said Vishwanathan.

He asserted that steps like Asset Quality Review (AQR), the Insolvency and Bankruptcy Code, and the provisioning for NPAs (non-performing as