Banks and non-bank financial companies (NBFCs) must increase their capital: Shaktikanta Das, Governor of the Reserve Bank of India.

“Banks and NBFCS need to increase their capital since the second wave might generate stress,” Das told reporters after the monetary policy pronouncement.

the Reserve Bank of India (RBI) governor’s, Shaktikanta Das warned that banks and non-banking financial corporations (NBFCs) should enhance their capital positions since the second wave of COVID-19 might cause stress.

Das also stated that he is sure that banks’ non-performing loans will remain within the Financial Stability Report (FSR) forecasts issued in January of this year.

“Banks and NBFCS need to increase their capital since the second wave might generate stress,” Das told reporters after the monetary policy pronouncement.

He did, however, add that in response to the RBI’s demand and based on their assessment, private and public sector banks raised capital from the market throughout the year. So their total capital position is highly stable.

Under a baseline stress scenario, the Financial Stability Report in January anticipated that banks’ gross non-performing assets (GNPAs) would rise to 13.5% by September 2021.Banks and non-bank financial companies (NBFCs) must increase their capital: Shaktikanta Das, Governor of the Reserve Bank of India.

According to the paper, if the macroeconomic situation deteriorates to a severe stress scenario, the GNPA ratio might rise to 14.8%.

When asked if the NPAs will remain within the range specified in the FSR, Das stated, “We assume that whatever prediction we gave before in the last FSR, it would be within that.”

The current month’s FSR is due at the end of the month.

The RBI When asked if the NPAs will remain within the range specified in the FSR, Das stated, “Our assumption is that whatever prediction we gave before in the last FSR, it would be within that.”

The current month’s FSR is due at the end of the month.

The RBI When asked if the NPAs will remain within the range specified in the FSR, Das stated, “Our assumption is that whatever prediction we gave before in the last FSR, it would be within that.”

The current month’s FSR is due at the end of the month.

The RBI retained the repo rate steady at 4% on Friday and maintained an accommodating posture in order to stimulate and sustain growth on a long-term basis. the repo rates steady at 4% on Friday and maintained an accommodating posture in order to stimulate and sustain growth on a long-term basis. the repo rate steady at 4% on Friday and maintained an accommodating posture to stimulate and sustain growth on a long-term basis.

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