 "Banks")
Asset quality of banks remained stable during pandemic year: RBI FSR
Banks did not see their bad loan position worsening during the pandemic year of 2020-21 as the gross non-performing ratio stayed stable at 7.48% of the gross advances at the end of March 31, the Financial Stability Report of Reserve Bank of India showed on Thursday.
The stress test conducted by the regulator, however, indicated an increase from the March 2021 levels due to the second Covid wave. READ MORE.
IMD forecasts normal monsoon rainfall 'over the country as a whole' in July
Southwest Monsoon over the country is likely to be
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