The State Bank of India (SBI) has transformed from being in loss in 2018 to now becoming a USD 100 billion company due to the regulatory and structural reforms implemented over the past decade by Reserve Bank of India (RBI), stated Governor Sanjay Malhotra.
Indian banks are set to strengthen their financial resilience under the Reserve Bank of India's (RBIs) proposed regulatory reforms, global rating agency Fitch Ratings said in a report released on Sunday.