Bank NPA Come Down To 5 Percent Lowest In 7 Years Indian Economy Facing Global Headwinds Says RBI In Financial Stability Report MarketGyani.com
RBI Financial Stability Report: There has been a decline in the NPAs of banks. The RBI has released the Financial Stability Report, according to which the gross NPA of the banks has come down to 5 per cent, the lowest level of 7 years. RBI has said in its report that the banking system is strong and has sufficient capital available with it.
In the 26th edition of the Financial Stability Report (FSR), the RBI said that the global economy is facing headwinds with risks of a large-scale recession. Due to a series of shocks, the financial situation has tightened and the volatility in the financial markets has increased. The report said, the Indian economy is facing adverse global conditions. Despite this, the financial system is in a better position due to strong macroeconomic fundamentals and healthy financial and non-financial sector strong balance sheets.
RBI Governor Shaktikanta Das said in the introduction of the report that the central bank recognizes the possibility of instability due to global risks. He said, “The Reserve Bank and other financial regulators remain alert and ready to ensure the stability and soundness of the financial system through appropriate interventions, whenever necessary, in the best interest of the Indian economy.
RBI said in its report that due to better asset quality of banks, increasing profits, availability of capital and cash, improvement in investment cycle and increase in loan demand is being seen.
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