Overall banking, NBFC, MFI sector stable, RBI watchful of risks, says Governor

RBI Governor Shaktikanta Das affirmed the stability of the banking, NBFC, and MFI sectors but emphasized vigilant monitoring. While acknowledging occasional outliers, he highlighted the engagement with regulated entities to address deficiencies. \r

Recent actions against shadow banks, particularly in the gold loan segment, underscore RBI's commitment to regulatory oversight. The central bank's decision to maintain the repo rate at 6.5 percent reflects its cautious approach amid ongoing global uncertainties. \r

Despite challenges, Das expressed optimism about India's positive growth trajectory and outlined RBI's commitment to bolstering India's global standing through preparedness for future developments.