Tuesday, July 2, 2013

RBI flags external risks to financial system

..........The twice-yearly Financial Stability Report (FSR) of the Reserve Bank of India (RBI) said Thursday that risks to the banking sector are on the rise amid tight liquidity and deteriorating asset quality concerns, and the credit quality of commercial banks could deteriorate further if the current macroeconomic situation persists. It added that external sector vulnerability is emerging as a major risk to the financial system..............

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