
RBI: bank balance sheets appear to be on the mend

The Reserve Bank of India’s latest financial stability report points to evidence that its attempts to clean up the banking sector have strengthened the country’s banks.
A hefty injection of capital by the government has also opened up room for banks to resume lending, the report notes. Meanwhile, India’s non-bank finance sector is recovering from recent problems.
“The Indian banking sector continues to show improvement as impairment ratios decline and credit growth picks up,” writes governor
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