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Financial Stability Report
July 8 , 2021
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- The Reserve Bank of India released the 23rd issue of its Financial Stability Report.
- It is published biannually.
- The Gross Non-Performing Asset ratio of India’s Scheduled Commercial Banks (SCBs) may climb by the end of 2021-22 to as much as 11.2%.
- It was 7.48% in March 2021.
- The GNPA ratio of SCBs may increase to 9.8% by March 2022 under the baseline scenario.
- The RBI Financial Stability Report is released by the Financial Stability and Development Council.
- The Union Finance Minister is the chairperson of this Council.
- The idea of the council was mooted by Raghuram Rajan Committee in 2008.
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