Banking sector at decadal high, poised to support economic growth

Swaminathan J, Deputy Governor, Reserve Bank of India has stated that the banking sector is at a decadal high in terms of all financial parameters and the sector is well poised to support the growth of Indian economy. However, he noted that we have a shared responsibility to ensure that the same is sustainable over the years. He highlighted the indispensable partnership between the auditors, CFOs and financial sector regulators in safeguarding the integrity and stability of financial institutions.