Indian banks far more mature than a decade ago: RBI Governor

New Delhi, Nov 07, 2025 : Governor of the Reserve Bank of India Sanjay Malhotra, today, said that Indian banks are far more mature compared to a decade ago. Addressing the State Bank of India Banking and Economics Conclave 2025 in Mumbai, the Governor noted that the State Bank of India has transformed from being in loss in 2018 to becoming a 100 billion dollar company today.

The RBI Governor highlighted a series of regulatory measures-including the Asset Quality Review (AQR) in 2015, the Prompt Corrective Action (PCA) Framework, consolidation of 27 public sector banks, massive recapitalisation, and the Insolvency and Bankruptcy Code (IBC)-which have fundamentally transformed India’s credit culture.