Team Blitz India
NEW DELHI: The Reserve Bank of India (RBI) Governor Shaktikanta Das once again called upon banks and non-banking financial companies (NBFCs), among other financial entities to continue to do stress testing testing of their books.
Today’s remarks came close on the heels after the RBI last week came out with a notification increasing the risk weight for consumer credit exposure of banks and non-banking financial companies, in an apparent move to check the sudden growth in unsecured consumer lending.
Shaktikanta Das, while delving into various facets on the Indian banking sector noted that the Indian banking system continues to be resilient, backed by improved capital ratios, asset quality and robust earnings growth.
The financial indicators of non-banking financial companies (NBFCs) are also in line with that of the banking system as per the latest available data, Das remarked.
