2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As per RBI annual report, banks’ bad loan ratio could rise to how much percentage by September 2021?
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14.2%
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13.5%
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12.5%
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13.0%
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Explanation:
Detailed explanation-1: -Gross NPAs of scheduled commercial banks were at 7.3 per cent in March 2021 and 6.9 per cent in September 2021.
Detailed explanation-2: -The index shows an improvement to 56.4 from 53.9 in 2021 across indices like access, usage and equality. The index, which was first announced in 2021, does not have a base year unlike the cost inflation index.
Detailed explanation-3: -In financial year 2021, public sector banks in India reported a total of over six trillion Indian rupees in gross non-performing assets (NPA).
Detailed explanation-4: -Analysts expect the central bank to raise the rate to 6.50 per cent by February 2023 and then hold this rate throughout the rest of 2023.
There is 1 question to complete.