Financial system remains stable despite weakening domestic growth, says RBI

"India's financial system remains stable notwithstanding weakening domestic growth," the central bank said in the Financial Stability Report. India's GDP slowed to a six-year low of 4.5 per cent in the second quarter of FY20, forcing the RBI to slash its growth forecast by 240 basis points to 5 per cent for the fiscal in its December monetary policy review.

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