Underlining the sharp turnaround in the NPA cycle after over four years with the dud assets pile going down to 9.3 percent, the Reserve Bank has said despite the recent setbacks, the nation's financial system "remains stable". The regulator, however, recommended extra vigil on non-banking finance companies (NBFCs), and warned that a large shadow bank getting hit can have the same impact to the system as a large bank going down.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2YdB0IE
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