Question
he Reserve Bank of India has released the Financial
Stability Report citing the condition of the bad assets of banks.Which of the following statements is/are correct with respect to the above information - I.The Reserve Bank notified that the net non-performing assets ratio of banks declined to a multi-year low of 0.8 per cent at the end of September 2023 and the country’s domestic financial system remains resilient. II.The resilience of the non-banking financial companies (NBFCs) sector improved with CRAR at 27.6 per cent, GNPA ratio at 4.6 per cent and return on assets (RoA) at 2.9 per cent, respectively, in September 2023. III.It further said that the capital to risk-weighted assets ratio (CRAR) and the common equity tier 1 (CET1) ratio of scheduled commercial banks (SCBS) stood at 15.1 per cent and 11.2 per cent.Solution
The Reserve Bank notified that the net non-performing assets ratio of banks declined to a multi-year low of 0.8 per cent at the end of September 2023 and the country’s domestic financial system remains resilient. According to the RBI’s Financial Stability Report (FSR), the resilience of the non-banking financial companies (NBFCs) sector improved with CRAR at 27.6 per cent, GNPA ratio at 4.6 per cent and return on assets (RoA) at 2.9 per cent, respectively, in September 2023. The gross non-performing assets (GNPA) ratio of banks also declined to a multi-year low of 3.2 per cent. It further said that the capital to risk-weighted assets ratio (CRAR) and the common equity tier 1 (CET1) ratio of scheduled commercial banks (SCBS) stood at 16.8 per cent and 13.7 per cent.
According to the data provided by the Ministry of Consumer Affairs, Food & Public Distribution, how much amount in Lakh Metric Tons (LMT) of sugarcane w...
Consider the following statement about Marginal Cost of Funds based Lending Rate (MCLR)?
I. It is the mechanism of determining commercial bank ...
Which Indian pair won the mixed doubles title at the 2nd Asian Doubles Squash Championships in Kuching?
Recently India has overtaken which of the following country to become the world's fifth-largest economy and is now behind only the US, China, Japan and ...
The World’s largest Khadi national flag was put to a grand public display in _______ district of Rajasthan?
What was one of the violations committed by Acko General Insurance, as noted by IRDAI?
Who is the new Managing Director (MD) and Chief Executive Officer (CEO) of Paytm Payments Bank?
Which of the following becomes the first public sector bank to launch RuPay or VISA credit card digitally against single or multiple FDs with 80% credit...
What is the main objective of the memorandum of understanding (MoU) between IIT Kanpur and Indian Institute of Skills (IIS)?
To give the real experience of earthquake tremors to visitors and a look into the devastating earthquake that hit the country in 2001, an earthquake and...
Relevant for Exams:
