Reserve Bank of India: Supports prioritizing CBDC development by all countries to maintain financial order

PANews, December 31—According to Reuters, the Reserve Bank of India has released its Financial Stability Report, stating that the non-performing loan ratio of India's banking system is expected to fall to 1.9% in the 2026-27 fiscal year, down from 2.1% in September 2025. However, risks for non-bank financial companies (NBFCs) are rising, with their non-performing loan ratio projected to increase from 2.3% to 2.9%. The report also reiterated concerns about stablecoins, emphasizing that stablecoins pose risks to macro-financial stability and supporting the prioritization of central bank digital currency (CBDC) development by countries to maintain financial order.