RBI

RBI FINANCIAL STABILITY REPORT – BANKS GROSS NPA WILL CROSS 12.5% BY FY21

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 …

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