Economy is in Better Shape, We Are Ready To Deal With Any Challenge: RBI Governor

Reserve Bank of India Governor Shaktikanta Das on Monday said the country’s economy is in a better shape despite the challenges posed by the Russia-Ukraine war and the RBI will ensure sufficient liquidity to support the economy. He said that the challenges that remain for the world at this point of time are the rise in the price of crude oil and the rise in the prices of major commodities.

Shaktikanta Das made this big statement while addressing an event of Confederation of Indian Industry (CII). He said that in March, 2020, capital of Rs 17 lakh crore has been infused so far in the economy affected by the epidemic. During his address, he assured the industry to ensure that there is enough liquidity in the economy. He said that with the capital adequacy ratio at 16 per cent and gross NPAs (non-performing assets) at a low of 6.5, the position of banks is better.