Friday, July 24, 2020

Bank NPAs may rise 4 percentage points due to Covid pandemic: Reserve Bank of India

In its bi annual financial stability report (FSR) released on Friday RBI assumed a contraction of GDP by 4.4%, gross fiscal deficit of 10.9% and consumer price inflation of 4.1% as the base case scenario.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-npas-may-rise-4-percentage-points-due-to-covid-pandemic-reserve-bank-of-india/articleshow/77150054.cms

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