Mumbai, May 20 -- Amid the turbulent times following the West Asia escalations, financial leaders have expressed strong confidence in the resilience of the Indian economy and its banking architecture. They dismissed immediate panic over dipping foreign exchange reserves and raging geopolitical tensions.

M Narendra (former CMD, Indian Overseas Bank), Mahendra Kumar Chouhan (President-Elect, IMC), and Shachindra Nath (MD, UGro Capital) aligned in their view that India's financial system remains exceptionally robust against severe external shocks.

Addressing the notable drop of around Rs 2.5 lakh crore in the Reserve Bank of India's (RBI) foreign exchange reserves alongside volatile FII and FDI outflows, the experts termed these pressures ...