Financial News » General News
India’s Reserve Bank Raises Alarm About Rising Bad Loans
July 2, 2021 | By Sikh Siyasat Bureau
Chandigarh: The Reserve Bank of India (RBI) has cautioned that bad loans of the banking system are expected to hit 11.22 per cent of the advances under a severe stress scenario.
The central bank also warned about the incipient signs of stress among medium and small units, notes a report in The Indian Express.
RBI Governor Shaktikanta Das | File Photo | Image used for representational purpose
The Financial Stability Report (FSR) of the RBI said macro stress tests indicate that the gross non-performing asset (GNPA) ratio of banks may increase from 7.48 per cent in March 2021 to 9.80 per cent by March 2022 under the baseline scenario and to 11.22 per cent under a severe stress scenario.
On the domestic front, the ferocity of the second wave of COVID-19 has dented economic activity, but monetary, regulatory and fiscal policy measures have helped curtail the solvency risk of financial entities, stabilise markets, and maintain financial stability, according to the Financial Stability Report (FSR) of RBI.
To Get Sikh Siyasat News Alerts via WhatsApp:
(1) Save Our WhatsApp Number 0091-855-606-7689 to your phone contacts; and
(2) Send us Your Name via WhatsApp. Click Here to Send WhatsApp Message Now.
Sikh Siyasat is on Telegram Now. Subscribe to our Telegram Channel
Related Topics: Indain Economy, Reserve Bank of India
Leave a Reply
Listen Live Kirtan from Darbar Sahib (Amritsar)
Get Sikh Siyasat’s Android App
IMPORTANT DOCUMENT:
