Mumbai/New Delhi, 27 April (Hindustan Times). Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the Indian banking system remains robust. Global developments have not seen any significant adverse effect on it.
Shaktikanta Das said this while addressing a global conference on financial sector strength in Mumbai on Thursday. Das said the Indian financial system remains sound. It has not been adversely affected by financial instability in some modern economies. This statement of the RBI governor came a few weeks after the sinking of the Silicon Valley Bank. In fact, this development has created a crisis situation in the financial sector of America and Europe. Das said the Reserve Bank is committed to strengthening the Indian financial system for the future and supporting its sustainable growth.
