INFLATION RATE SPIKES UP TO 6.93% Inflation rate is the percentage change from the current value of the product with the previous year. The Ministry of Statistics and Implementation has stated the report on inflation to be hiking up to 6.93% in July 2020. Inflation is good to the economy. As the value of …
RBI released Financial Stability Report last Friday (24th July 2020), which stated that Indian banks GNPA (Gross Non Performing Assets) will reach 12.5% by end of March 2021 in the base movement scenario. Currently, GNPA is at 8.5%. RBI also stated, in severe worse cases it may touch 14.7%. Finally, in their report RBI stated …
RBI FINANCIAL STABILITY REPORT – BANKS GROSS NPA WILL CROSS 12.5% BY FY21 Read More »
