The governor went on to say that system-level banks are now in better health, with a capital adequacy ratio of 16 percent and gross NPAs falling to a record low of 6.5 percent.

Reserve banking governor Shaktikanta Das said on Monday that the RBI will continue to provide sufficient liquidity to support the economy, which has been facing a lot of headwinds in the form of soaring prices for crude oil and key commodities following Russia’s invasion of Ukraine.

Addressing an industry meeting hosted by CII tonight, Das said that since the pandemic that hit the economy in March 2020, the central bank has injected a whopping Rs 17 lakh crore into the economy and has assured the industry that the RBI will continue to making sure the economy is well oiled with funds.

The governor went on to say that system-level banks are now in better health, with a capital adequacy ratio of 16 percent and gross NPAs falling to a record low of 6.5 percent.

He said that despite the headwinds stemming from the war between Russia and Ukraine, the economy is better positioned given high forex reserves and low current account gap.

“We are in a comfortable position to address all challenges related to the financing of the CAD, and the RBI is committed to addressing all challenges in this area,” he said.


This post Indian economy better able to meet any challenge, says RBI governor was original published at “https://www.financialexpress.com/economy/indian-economy-better-placed-to-deal-with-any-challenge-says-rbi-governor/2466931/”

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