RBI FSR Report: The Reserve Bank of India has released the 26th issue of the Financial Stability Report on Thursday. According to which the gross NPA ratio or bad debt has come down to the previous lowest level of 5% in the last 7 years. According to RBI, the system of the bank is still strong and they have sufficient capital.
However, the global economy is facing a massive headwind and recession. The risk of many other challenges also remains. Not only this, due to several shocks, the financial situation has also tightened, with this the condition of the financial markets has deteriorated. Nevertheless, the economy is strong and resilient due to strong macroeconomic fundamentals and a healthy financial and non-financial sector with a strong balance sheet.
Said this about inflation
Regarding inflation, the report says that prices are high. But due to monetary policy, the pressure of supply side intervention is reducing.
Governor Shaktikanta Das said
Meanwhile, RBI Governor Shaktikanta Das said that “the central bank and other financial regulators will always be ready to ensure the stability and soundness of the financial system through appropriate interventions, whenever necessary, in the best-hit of the Indian economy”.