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Wednesday, December 29, 2021

Banks’ bad loans may soar to 9.5% by Sept 2022: RBI

The Financial Stability Report released by RBI on Wednesday projects banks’ gross NPAs rising to 8.1% of total assets by September 2022 from 6.9% in Sept 2021 under a baseline scenario and to 9.5% under severe stress scenario. All earlier projections after the pandemic reflected far worse outcomes than the present report.

from Times of India https://ift.tt/3HnjBDu

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BJP’s Rajya Sabha strength falls below 100; may rise soon

A month after touching the mark of 100 seats for the first time in Rajya Sabha, BJP’s numerical strength has come down to 95 as five of its ...