RBI’s Financial Stability Report. The Reserve Bank of India’s Financial Stability Report highlighted consumption slowdown, noting that the domestic economy hit a soft patch recently as private consumption, the key driver of GDP, turned weak. · Here are the other highlights of the report: · The subdued new investment pipeline and a widening current account deficit have exerted pressure on the fiscal front. · Reviving private investment demand remains a key challenge going forward while being vigilant about the spillover from global financial markets. · Macro-stress tests suggest gross nonperforming assets may decline from 9.3% in March 2019 in 9.0% March 2020. · Bulk of the legacy NPAs already recognised in the banking books. · Provision...
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