Current context: The Reserve Bank of India, RBI has released its 20th Financial Stability Report on 27th Dec 19.
a. 9.4%
b. 9.6%
c. 9.9%
d. 10%
- The report depicts that the country's financial system remains stable despite slowing economic growth.
- As per the 20th Financial Stability Report:
- The resilience of the banking sector has improved following recapitalization of Public Sector Banks (PSBs).
- Persistence of the risks arising out of global or domestic economic uncertainties and geopolitical developments like a delay in the Brexit deal, trade tensions, whiff of an impending recession, oil-market disruptions and geopolitical risks.
- India’s financial system remains stable notwithstanding weakening domestic growth.
- India’s exports could face headwinds in the event of sustained global slowdown.
- Current account deficit is likely to be under control reflecting muted energy price outlook.
- Scheduled commercial banks’ (SCBs) gross non-performing assets (GNPA) ratio remained unchanged at 9.3% between March and September 2019 and predicted that SCBs’ GNPA ratio may increase from 9.3 % in September 2019 to 9.9 % by September 2020.
- The size of the inter-bank market continued to shrink with inter-bank assets amounting to less than 4 % of the total banking sector assets as at end-September 2019.
Question:
Q.1 RBI’s 20th Financial Stability Report predicted that the Scheduled commercial banks’ (SCBs) GNPA ratio may increase from 9.3 % in September 2019 to __________by September 2020?a. 9.4%
b. 9.6%
c. 9.9%
d. 10%
