
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.
Leading economists believe the vaccine might not end the economic disruption which the Covid-19 pandemic has caused. Normalcy will come over time, and with pain.
RBI’s status quo on interest rates, guidance on inflation and GDP, and thrust on economic growth pushes equity indices to new lifetime highs.
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.
Reserve Bank of India governor Shaktikanta Das says that efforts towards reopening the economy are confronted with rising Covid-19 infections.
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.
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.
Day after the lockdown extension announcement, markets remained in positive territory for majority of the day before global cues pushed them to close in the red.
Minutes of RBI’s Monetary Policy Committee meeting highlight that members were divided on the space for future rate cuts.