
The crystal ball: RBI report foresees NPA woes
According to the RBI, the gross NPA ratio of all scheduled commercial banks may increase from 7.5% in September 2020 to 13.5% by September 2021, and even escalate to 14.8% in severe stress scenario.
According to the RBI, the gross NPA ratio of all scheduled commercial banks may increase from 7.5% in September 2020 to 13.5% by September 2021, and even escalate to 14.8% in severe stress scenario.
The big question is how much more foreign exchange will the Reserve Bank of India buy, and why?
Indian equity markets have witnessed upswing post the U.S. and Bihar elections, and improved risk sentiment has invited higher capital flows.
Refinitiv’s global head of industry and government affairs, Sherry Madera, talks to Fortune India on the outcome of the U.S. elections, India's stimulus package, and bond markets.
The credit rating agency points out that the pandemic will continue to be a spoilsport for the NBFCs it reviewed as funding remains a challenge in the current market.
Motilal Oswal Financial Services estimates India’s fiscal deficit at ₹14.6 lakh crore in FY21, while GDP could contract by 6.5% against its earlier estimated decline of 4.7%.
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
The delay in stimulus announcement is disappointing and raises the probability that a stimulus, if any, might be weaker than expected, says Jefferies India.
Analysts with varied views have the 2008 global financial meltdown as the nearest comparable to the Covid-19 pandemic. But they are agreed on one thing: the need for caution.
As a result of the Covid-19 crisis, India can become an attractive investment destination, says Jaspal Bindra, executive chairman, Centrum Group.