Second wave dented recovery, but eco activity up now: RBI
The second wave of the pandemic has dented recovery, but with Covid cases abating rapidly, economic activity has improved since May-end, RBI Governor Shaktikanta Das has said.
By TNN | Updated:
BCCL
Mumbai: The second wave of the pandemic has dented recovery, but with Covid cases abating rapidly, economic activity has improved since May-end, RBI Governor Shaktikanta Das has said.
In a foreword to the financial stability report (FSR) released on Thursday, Das said the hit on banks’ balance sheets and performance due to the Covid-19 pandemic has been much less than what was projected earlier.
According to the stress tests conducted by the RBI, the banking sector’s bad loans or gross non-performing assets (GNPAs) may increase from 7.48% in March 2021 to 9.8% by March 2022 under the baseline scenario, and to 11.22% under a severe stress
In a foreword to the financial stability report (FSR) released on Thursday, Das said the hit on banks’ balance sheets and performance due to the Covid-19 pandemic has been much less than what was projected earlier.
According to the stress tests conducted by the RBI, the banking sector’s bad loans or gross non-performing assets (GNPAs) may increase from 7.48% in March 2021 to 9.8% by March 2022 under the baseline scenario, and to 11.22% under a severe stress
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