India’s financial sector to enter 2025 on strong footing: RBI guv Malhotra – Times of India-OxBig News Network

MUMBAI: India’s financial sector is entering 2025 on a strong footing, buoyed by robust earnings, low impaired assets, and strong capital buffers, RBI governor Sanjay Malhotra said.
In his first communication as governor in RBI’s financial stability report, Malhotra said that India’s financial system remained resilient despite uncertainties from geopolitical conflicts, market volatility, and climate risks. “Prospects for the Indian economy are expected to improve after the slowdown in the pace of economic activity in the first half of 2024-25. Consumer and business confidence for the year ahead remain high and the investment scenario is brighter as corporations step into 2025 with robust balance sheets and high profitability,” he said, adding, “Stress test results indicate that the banking system and NBFCs will remain well-capitalised, even under adverse stress scenarios.”