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Non-banking finance sector’s profit to be Stable

Published on June 28, 2022
Current Context: As per the report non-banking financial institutions (NBFI) shows good progress in credit growth and a decrease in asset quality.
Non-banking finance sector’s profit to be Stable
  • The report also supports NBFI’s performance amid a broadening economic recovery, but few segments could still be vulnerable to higher-than-expected inflation.
  • Earlier Fitch has also revised India's 'BBB-' sovereign rating to Stable from Negative in June 2022.
  • The gross domestic product (GDP) was reinstated by 8.7% in FY22 after contracting by 6.6% in FY21.
  • It has also projected that medium-term growth potential of around 7% between FY24 and FY27.
  • Apart from that, large NBFIs' funding and liquidity profiles are likely to remain stable. Funding costs rise in line with rising policy rates both domestically and globally.


Q.1 As per the Fitch Report, the projected GDP of India between FY24 and FY27 is ________?
a. 8%
b. 7%
c. 6%
d. 5%
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