The Reserve Bank of India on Saturday warned of certain stress points in the financial system, such as the redemption pressure on non-banking financial companies (NBFCs) and mutual funds.
The Covid crises may result in higher non-performing assets and capital erosion of banks though the Indian economy has started showing signs of getting back to normalcy, RBI chief Shaktikanta Das said at a stock-taking of the Indian economy at the SBI Banking and Economics Conclave.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)