NEW DELHI (Reuters) – India’s state-run banks are confident of withstanding any macroeconomic shocks and expect their outlook to improve, despite headwinds in the global banking sector, the finance ministry said on Thursday.
The finance minister has asked banks to ensure there is a fair and transparent recognition of non-performing assets and to take steps to improve deposits, the ministry added.
(Reporting by Tanvi Mehta; Editing by Jan Harvey)
