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The Reserve Bank has released the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the Indian financial system. Highlights: ● The global economy faces multiple challenges: prospects of slowing growth; large public debt; increasing economic fragmentation; and prolonging geopolitical conflicts ● The Indian economy and the domestic financial system remain resilient, supported by strong macroeconomic fundamentals, healthy balance sheets of financial institutions, moderating inflation, improving external sector position and continuing fiscal consolidation. ● The capital to risk-weighted assets ratio (CRAR) and the common equity tier 1 (CET1) ratio of scheduled commercial banks (SCBs) stood at 16.8 per cent and 13.7 per cent, respectively, in September 2023. ● SCBs’ gross non-performing assets (GNPA) ratio continued to decline to a multi-year low of 3.2 per cent and the net non-performing assets (NNPA) ratio to 0.8 per cent in September 2023. ● Macro stress tests for credit risk reveal that SCBs would be able to comply with minimum capital requirements, with the system-level CRAR in September 2024 projected at 14.8 per cent, 13.5 per cent and 12.2 per cent, respectively, under baseline, medium and severe stress scenarios. ● The resilience of the non-banking financial companies (NBFCs) sector improved with CRAR at 27.6 per cent, GNPA ratio at 4.6 per cent and return on assets (RoA) at 2.9 per cent, respectively, in September 2023.
Which of the following cities is known as the ‘Detroit of India’?
The 6th edition of ‘Ex Shakti 2021’ a biennial training exercise between the armies of the two countries India and _____ has begun from Nove...
Match the following?
Jaipur - Pink city
Jodhpur - Blue
Which Indian musician has won both an Academy Award (Oscar) and a Golden Globe for his contributions to international music?
Which university was planned to be established in the union budget 2021-22?
Banks have launched an app naming _____for electronic commerce transactions
Forward contact is a type of derivative which is publically traded
How many kilometers of rural roads are planned to be constructed under Phase IV of the Pradhan Mantri Gram Sadak Yojana (PMGSY)?
Which film won the Best Popular Film Award at the Filmfare Awards 2024?
Consider the following statements in regards to Jal Shakti Abhiyan:
1. Jal Shakti Abhiyan-I launched in 2020
2. National Water Mission is ...