Indian banking sector poised to meet investment needs, says RBI governor

The Indian banking sector, with its healthy balance sheet, adequate liquidity and capital buffers, is poised to meet investment needs of the industry, Reserve Bank of India Governor Sanjay Malhotra said.

He said the banking sector, which continues to meet the large funding requirements of the economy, has demonstrated resilience with a healthy balance sheet.

Commenting on domestic economic growth, Malhotra said that although growth, which is projected at 6.5 per cent for the current financial year, is lower than in recent years and falls short of India’s aspirations, it remains broadly in line with past trends and is the highest among major economies.

 He said over the past four years (FY22 to FY25), GDP recorded an average annual growth rate of 8.2 per cent.