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.
What was India’s rank in ‘GLOBAL MILITARY EXPENDITURE’ in year 2022-23?
How much money did HUDCO raise in its maiden foray into the syndicated loan market?
What is the total number of ATP titles won by Gael Monfils after his victory in Auckland?
Pragyan rover of the Chandrayaan-3 mission, has confirmed the presence of which element on the moon’s surface?
Consider the following statements about RoSCTL Scheme:
1. Recently Government extended the tenure of the Rebate of State and Central Levies and...
Assertion (A): The year 2020 saw a very high rate of inflations which went beyond the RBI's inflation upper tolerance limit of 6 percent.
Reason ...
Who won the Prime Minister election in Mauritius on November 11, 2024?
Where was the U.S.-led Indo Pacific Economic Framework ministerial meeting recently held?
What percentage of India's GDP did the fiscal deficit reach in the fiscal year 2023-24?
Exercise SLINEX-23 held between which two nation