Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.758)

758. 

The gross nonperforming assets (GNPA) ratio of all scheduled commercial banks (SCBs) will increase from 8.5% in March 2020 to what amount by March 2021?

[A]. 12.5%
[B]. 14.7%
[C]. 11.7%
[D]. 10.0%

Answer: Option A

Explanation:

In accordance with the 21st issue of Financial Stability Report (FSR), July 2020 by Reserve Bank of India (RBI) released on July 24, 2020, the gross nonperforming assets (GNPA) ratio of all scheduled commercial banks (SCBs) may increase from 8.5% in March 2020 to 12.5% by March 2021 under the baseline scenario; the ratio may escalate to 14.7% under a very severely stressed scenario.

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