New Delhi, July 1 -- Systemic risk is not a concern, going by the Reserve Bank of India's (RBI) latestFinancial Stability Report. As its systemic risk survey conducted in May reveals, "medium risk" is seen in all major risk groups, with 92% of respondents expressing a level of confidence in India's financial system that's either higher than or similar to the last round's.

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As the report notes, corporate balance sheets are healthy, as are those of banks, which have taken their non-performing loan ratios to a multi-decadal low and reported strong earnings, even as stress tests have affirmed the adequacy of their capital buffers.

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