Answer: Reserve Bank of India (RBI)
Notes: The Reserve Bank of India (RBI) released its biannual Financial Stability Report (FSR), focusing on the health and resilience of the Indian financial system. The RBI’s Financial Stability Report (FSR) highlights improvements in the banking sector’s asset quality and resilience. Scheduled Commercial Banks (SCBs) achieved a 12-year low Gross Non-Performing Asset (GNPA) ratio of 2.6% by September 2024. The Provisioning Coverage Ratio (PCR) rose to 77%, mainly due to proactive provisioning by Public Sector Banks (PSBs). The slippage ratio increased slightly to 0.7%, showing controlled NPA growth. Household debt in India reached 42.9% of GDP by June 2024, rising gradually. India’s Real GDP growth is projected at 6.6% for 2024-25, supported by rural consumption, government investments, and services exports.
