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The resilience of the Indian banking sector has been reiterated by Reserve Bank of India (RBI) Governor Shaktikanta Das in recent times, particularly against the backdrop of bank failures in advanced economies.
Asset quality of Indian banks, as indicated by the non-performing asset (NPA) ratios, has been falling since 2017-18.
The banks have record-high capital with loan loss provision of more than 70 per cent. At the same time, the RBI governor added a caveat: “It has to be remembered that the seeds of vulnerability often get sown during good times when risks tend to be overlooked.”
It is against this backdrop that
