Reserve Bank of India: Supports countries prioritizing the development of CBDCs to maintain financial order

PANews reported on December 31 that, according to Reuters, the Reserve Bank of India (RBI) released a Financial Stability Report stating that the non-performing loan ratio in the Indian banking system is expected to fall to 1.9% in fiscal year 2026-27, down from 2.1% in September 2025. However, the risk to non-bank financial institutions (NBFCs) is 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 they pose a risk to macroeconomic financial stability and supporting countries prioritizing the development of central bank digital currencies (CBDCs) to maintain financial order.