RBI says, banking sector remains resilient and stable

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 statement has come amidst media reports expressing concern about the exposures of Indian banks to a business conglomerate. 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, ...