India’s financial system remains resilient amid global volatility: RBI report
“The domestic financial system is exhibiting resilience, fortified by healthy balance sheets of banks and non-banks,” the central bank said.
“The domestic financial system is exhibiting resilience, fortified by healthy balance sheets of banks and non-banks,” the central bank said.
The Reserve Bank of India on Monday said the real Gross Domestic Product growth is expected to recover in the third and fourth quarter of the current financial year.
Prior to this, overseas investors had invested Rs 23,663 crore in February and Rs 14,649 crore in January, on a net basis.
The RBI report gives a grim picture of states' finances, giving a downside rise going forward.
The deceleration in non-food credit growth was broad-based, with credit offtake slowing down in all the major sectors.
