NewzVille Business Desk
The Reserve Bank of India (RBI) released the Financial Stability Report (FSR). According to the report, the Indian economy continues to grow strongly despite an uncertain and challenging global economic environment.
The report noted that growth is supported by robust domestic demand, moderate inflation, and prudent macroeconomic policies.
It said the domestic financial system remains robust and resilient, aided by strong balance sheets, easy financial conditions, and low financial market volatility.
The health of scheduled commercial banks (SCBs) remains sound, with strong capital and liquidity buffers, improved asset quality, and robust profitability.
Non-banking financial companies (NBFCs) also continue to remain resilient, supported by strong capital buffers, solid earnings, and improving asset quality.
The insurance sector was reported to be stable as well, with balance sheet resilience intact and the consolidated solvency ratio remaining above the minimum regulatory threshold.
