The Indian banking system has been performing relatively well vis-à-vis the G20 countries. According to a recent report by the Reserve Bank of India, Indian banks’ asset quality has improved, and the capital adequacy ratio has remained adequate above the regulatory minimum. However, India's non-performing loans still remain relatively high, and the banking sector is still grappling with the issue of recapitalization and consolidation. As for the safety of the banking systems in G20 countries, they can be classified into advanced economies and emerging economies. The advanced economies have robust and well-established banking systems that have strong supervisory and regulatory frameworks. The emerging economies, on the other hand, have relatively weaker banking systems, which are more susceptible to shocks.

• The United States and Canada have stable and secure banking systems with high capitalization and robust risk management frameworks.
• The European Union has a strong banking and supervisory framework in place, but there are some concerns about the health of their banking systems, particularly regarding the level of non-performing loans.
• In Japan, the banking system is stable, but the country is facing a demographic challenge that could impact its long-term sustainability.
• In China, banks are generally well-capitalized, but there are concerns over corporate debt and shadow banking.
• In other emerging economies, such as Brazil, Russia, and India, the banking systems face significant challenges, including high levels of non-performing loans, weak regulatory and supervisory frameworks, and lack of transparency.

In conclusion, while the Indian banking system has performed relatively well in comparison to other G20 countries, there are still several challenges that need to be addressed. The advanced economies in the G20 have established regulatory and supervisory frameworks, whereas the emerging economies have significant challenges in this regard, indicating that there is substantial scope for improvement.