Few Weeks after the blow-up of the Silicon Valley Bank, which led to distress in the financial sector in the US and Europe, Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the Indian banking system has remained resilient and not adversely impacted by recent events in the global financial ecosystem.
At a global conference on financial resilience organised by RBI-promoted College of Supervisors, the Governor Das said that RBI's stress tests show Indian banks will be able to maintain their capital buffers above the minimum requirements even in the case of the most distressing of events.
However, he said that financial sector surprises can come from anywhere at a time when participants world over are adopting unconventional policies, and urged the stakeholders to be watchful, adding that the RBI is committed for future proofing of the Indian financial system and to provide support for its sustainable growth.
