The Reserve Bank on Friday said the country's financial system remains despite slowing economic growth. The country's GDP slowed to a six-year low of 4.5 per cent in the second quarter of FY20, forcing the RBI to slash its growth forecast by 240 basis points to 5 per cent for the fiscal in its December monetary policy review.
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Watch Financial system remains stable despite weakening domestic growth: RBI report With HD Quality.
The Reserve Bank on Friday said the country's financial system remains despite slowing economic growth. The country's GDP slowed to a six-year low of 4.5 per cent in the second quarter of FY20, forcing the RBI to slash its growth forecast by 240 basis points to 5 per cent for the fiscal in its December monetary policy review.
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Watch Financial system remains stable despite weakening domestic growth: RBI report With HD Quality
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Underlining the sharp turnaround in the NPA cycle after over four years with the dud assets pile going down to 9.3 percent, the Reserve Bank has said despite the recent setbacks, the nation's financial system 'remains stable'.
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