RBI tells banks to prepare for delayed impact of Covid-19

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The Reserve Bank of India has told banks they must “proactively” raise capital, as the sector faces a delayed impact from the Covid-19 pandemic.

The central bank wants firms to build up buffers and also invest more heavily in IT, which it sees as a way of making business models more robust and better tailored to consumers’ needs.

On the face of it, banks in India look to be in a relatively good position, the RBI notes in its latest financial stability report. Gross non-performing assets (NPAs)

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