Indian banking sector remains resilient and stable: RBI
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- Last Updated on 6 February, 2023
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Press Release no. 2022-2023/1668, dated 03.02.2023
The RBI has issued a statement on the health of the Indian Banking sector amid media reports expressing concern about the exposures of Indian banks to a Adani Enteprises. The RBI stated that it maintains a constant vigil on the banking sector and on individual banks with a view to maintain financial stability.
As per the RBI’s current assessment, the banking sector remains resilient and stable. Various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy. Banks are also in compliance with the Large Exposure Framework (LEF) guidelines issued by the RBI.
Further, the RBI has a Central Repository of Information on Large Credits (CRILC) database system where the banks report their exposure of Rs 5 crores and above which is used for monitoring purposes.
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