Gross NPA of banks may rise to 12.5% by March 2021: RBI Financial Stability Report

News: The Reserve Bank of India(RBI) has released its 21st Financial Stability Report. Facts: Financial Stability Report(FSR): It is a bi-annual report published by the Reserve Bank of India(RBI). Aim: To review the nature, magnitude and implications of risks that may have a bearing on the macroeconomic environment, financial institutions, markets and infrastructure. The report… Continue reading Gross NPA of banks may rise to 12.5% by March 2021: RBI Financial Stability Report

22nd Meeting of the Financial Stability and Development Council (FSDC)

News:Union Minister for Finance has chaired the 22nd Meeting of the Financial Stability and Development Council(FSDC). Facts: Financial Stability and Development Council(FSDC): It is a non-statutory apex level body setup in 2010 on the recommendations of Raghuram Rajan committee(2008). Objectives: To strengthen and institutionalize the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting… Continue reading 22nd Meeting of the Financial Stability and Development Council (FSDC)

FSDC reviews economy, financial stability is the underlying theme

Finance Minister has reviewed the state of the economy at the meeting of the Financial Stability and Development Council(FSDC). The meeting reviewed the current global and domestic economic situation and financial stability issues including those concerning banking and NBFCs. The Council was also apprised of the progress made towards setting up of the Financial Data… Continue reading FSDC reviews economy, financial stability is the underlying theme