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Economic recovery gradual, uneven amidst global headwinds: RBI report

Corporate sales and profitability increasing and gross NPA of banks is at 6-year low

Topics
RBI | Economic recovery | Capex

Manojit Saha  |  Mumbai 



Photo: Bloomberg
Photo: Bloomberg

High-frequency indicators during the first quarter of the current financial year suggested the Indian is recovering gradually and strengthening unevenly despite global headwinds, said the financial stability report (FSR) of the Reserve Bank of India (RBI). It noted that gross non-performing assets (GNPA) of scheduled commercial hit a six-year low, with demand for loans rising after a gap.

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First Published: Thu, June 30 2022. 15:56 IST

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