The Indian banking system has been performing well among the G20 countries. The following points explain its performance and safety:

• The World Economic Forum ranks India at 40th position for the soundness of its banking system in 2020.
• The Reserve Bank of India (RBI) introduced several measures to strengthen the sector, such as the prompt corrective action framework and asset quality review. The RBI also implements strict regulations and prudential norms, ensuring the overall safety and stability of the banking system.
• The introduction of the Insolvency and Bankruptcy Code has helped resolve several non-performing loans and create a healthy credit culture
• India has also adopted Basel III norms for capital adequacy, promoting a strong risk management framework and better transparency.
• The government has initiated various schemes like Jan Dhan Yojana, Mudra Yojana, and Atal Pension Yojana to ensure financial inclusion and access to banking facilities for all sections of the society.

Despite challenges and occasional issues, the Indian banking system has managed to remain robust, providing essential financial services to the country's citizens.