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RBI SAYS INDIA FACED COVID WITH ROBUST ECONOMY

Published On 12 Jan 2021 11:45 AM


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HIGHLIGHTS

  • RBI released its bi-annual Financial Stability Report.
  • The report stated that gross NPA of banks could rise to 13.5% by SEP 2021 from 7.5% in 2020.
  • Following COVID-19, expansion in government‘s market borrowing programme was said to have imposed additional pressures on banks.

On Monday, 11 JAN 2020, Reserve Bank of India (RBI)'s Governor Shaktikanta....


Tags : Reserve Bank of India, RBI, Shaktikanta Das, Governor, COVID-19, Non-Performing Assets, NPA,
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