• About   |
  • Submit Guest Post |
  • Contact Us
No Result
View All Result
The Second Angle (TSA Magazine)
Advertise
  • Infotainment
    • Sports
    • People
    • Inspiring
  • Entertainment
    • Lifestyle
    • Home & Decoration
  • Buzz
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology
The Second Angle
No Result
View All Result
  • Infotainment
  • Entertainment
  • Buzz
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology
Advertisement
ADVERTISEMENT
Lexitoto
Slot Demo
RTP SLOT
Lexitoto
Aplikasi Lexitoto
RTP Lexitoto
RTP IDN Slot
RTP PG Soft
RTP Habanero
RTP Microgaming
RTP TopTrend Gaming
RTP GMW
RTP Nolimit City
RTP Booster
Slot Demo Bambu4d
Slot Demo PG Soft
Slot Demo Habanero
Situ Togel Online
Situs Togel Amanah
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Prediksi Togel Lexitoto
Slot Demo PG Soft
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Lexitoto
Vietnam Lottery
Syair HK
Octagon Lottery
Bandar Situs Togel
Situs Slot Gacor
Bocoran Slot Gacor
Lexitoto
Togel Toto Macau
Situs Togel Macau
Prediksi Macau
Bambu4d
Prediksi Togel Bambu4d
Slot Gacor Bet Kecil
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Situs Togel Online
Aplikasi Bambu4d
Aplikasi RTP Slot
Aplikasi RTP Booster
Aplikasi Slot Demo
Aplikasi Prediksi Togel
RTP Bambu4d
RTP IDN Slot
RTP PG Soft
RTP Habanero
RTP Microgaming
RTP TopTrend Gaming
RTP GMW
RTP Nolimit City
RTP Playstar
RTP Booster
Slot Demo Bambu4d
Slot Demo PG Soft
Slot Demo Habanero
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Bambu4d
Prediksi Togel Bambu4d
Bambu4d
RTP Slot
Live Draw HK
Live Draw SDY
Lexitoto Togel
Prediksi Syair Macau
Data SDY
Bandar Togel
https://bluewaveslogistics.com/
Situs Toto
Prediksi Syair Taiwan
RTP Slot
Situs Toto
Prediksi Syair Macau
Slot Gacor
RTP Slot Gacor
Prediksi Syair HK
Prediksi Syair HK
Prediksi Syair SGP
Prediksi SGP
Prediksi Syair Cambodia
Prediksi Cambodia
Prediksi Cambodia
Prediksi Syair China
Prediksi Syair China
Prediksi Syair SDY
Prediksi PCSO
Syair SDY
SYAIR HK
Situs Togel
Paito SGP
Paito HK
Paito SDY
Prediksi Macau
Live Draw Cambodia
Prediksi Jepang
Situs Togel
Live Draw Macau
Live Draw Cambodia
Live SGP
lexitoto
Live Macau
Live RTP Slot
RTP SLOT
hinterlaces.com RTP Slot
Rtp Slot
showfactory.in
https://tuniversity.tn/
situs toto
lexitoto
slot deposit pulsa
lexitoto
Data Pengeluaran HK
Prediksi China
Prediksi Cambodia
Toto Slot
Slot Thailand
Situs Toto
Rtp Slot
Slot Pulsa
SYAIR SDY
PREDIKSI SDY
Live Draw HK
Prediksi Macau
Prediksi Cambodia
PREDIKSI SDY
Prediksi Macau
Home Economy

Conflict in statements regarding the impact of the second wave on the financial system of India MK Jain, Deputy Governor RBI, observed that the banking system is resilient but the former Deputy Governor disagrees

Two contradictory statements from the Deputy Governor of RBI and the former Deputy Governor of the central bank came in on Friday on the state of the financial system of the country.

TSA Desk by TSA Desk
April 22, 2022
in Economy
Reading Time: 3 mins read
Conflict in statements regarding the impact of the second wave on the financial system of India MK Jain, Deputy Governor RBI, observed that the banking system is resilient but the former Deputy Governor disagrees
Share on FacebookShare on WhatsApp
Advertisement Advertisement Advertisement
ADVERTISEMENT

Taking an optimistic tone on the impact of the coronavirus’ second wave, Deputy Governor of Reserve Bank of India, MK Jain said that the central bank along with the government has taken steps to lighten the blow caused by the pandemic.

While addressing a virtual conference organized by the India International Centre (IIC) and Research & Information System for Developing Countries (RIS), he said,

“The banking sector was in a strong position when Covid hit…the preliminary data suggest that in terms of CRAR (capital-to-risk weighted assets ratio) that has been improved upon, the profitability has been improved upon, provision coverage ratio that has also been improved over the previous year, and the gross NPA, as well as net NPA, has come down.” 

Conflict in statements regarding the impact of the second wave on the financial system of India MK Jain, Deputy Governor RBI, observed that the banking system is resilient but the former Deputy Governor disagrees
image source: indiatv

Accepting that the second wave has posed some challenges, MK Jain said that to smoothen its impact, steps are taken in the direction to help the flow of credit to the worst-hit sectors and maintain an adequate level of liquidity in the system.

RelatedPosts

What are the Different Types of Small Business Loans?

What are the Different Types of Small Business Loans?

Everything You Need to Know about Banglarbhumi West Bengal

Everything You Need to Know about Banglarbhumi West Bengal

Adding to the list of measures, the deputy governor said, “the central bank strived to ensure financial resilience of banks and NBFCs by prescribing a set of micro-prudential norms like minimum capital requirements. The banks have made improvements in their risk management capacities.

Yet, the changing operating and risk environment requires banks to be vigilant, strong and agile to identify risks early and absorb the shocks and be able to adapt to the newer ground realities.”

The RBI downplayed the impact of the second wave of coronavirus on the economy with the statements on the banking sector’s stability and its annual report submitted last month, which said, “the prospects for the Indian economy, though impacted by the second wave, remain resilient, backed by the prospects of another bumper rabi crop, the gathering momentum of activity in several sectors of the economy till March, especially housing, road construction, and services activity in construction, freight transportation, and information technology.”

Contradicting the analysis, the former central banker Rakesh Mohan asserted that the Indian banking system is looking at financial instability ahead of the second wave.

“There is a mismatch between the performance of the real sector and financial markets. This could potentially lead to enhanced stresses experienced by both lenders and borrowers, leading to potential financial instability,” Mohan told Bloomberg. 

Conflict in statements regarding the impact of the second wave on the financial system of India MK Jain, Deputy Governor RBI, observed that the banking system is resilient but the former Deputy Governor disagrees
image source: indianexpress

Mohan, who has served as the deputy governor of the Reserve Bank of India for two terms from 2002 to 2009 said, “we have more difficult task than other countries because we had a legacy of bad debt before COVID-19”.

In his report titled ‘The Response of the Reserve Bank of India to COVID-19: Do Whatever it Takes‘, he says that except for a significant increase to the SME sector the credit growth has continued to be sluggish, despite all the measures implemented to promote the flow of credit to all segments of the market.

Also Read: Prime Minister Likely To Hold An All-Party Meeting In J&K

ShareSendTweet

Related Posts

What are the Different Types of Small Business Loans?
Economy

What are the Different Types of Small Business Loans?

choosing the right type of small Business Loan that is affordable and fulfils the funding requirement adequately is imperative. Here...

Read moreDetails
Everything You Need to Know about Banglarbhumi West Bengal
Economy

Everything You Need to Know about Banglarbhumi West Bengal

With the launch of Banglarbhumi, an online portal of West Bengal's land and property records department, citizens can now easily...

Read moreDetails
8 Reasons to Use a Housing Loan EMI Calculator
Economy

8 Reasons to Use a Housing Loan EMI Calculator

Home loan EMI calculators are readily available online; all a borrower has to do is go to the webpage of...

Read moreDetails
Some governments believe that it should be banned altogether, while others think that it should be regulated in the same way as traditional currency. So far, no country has come up with a perfect solution, and the future of cryptocurrency is still uncertain.
Business

Governments Struggle to Balance Cryptocurrency Regulation: How Will It Impact the Future of Digital Currency?

Some governments believe that it should be banned altogether, while others think that it should be regulated in the same...

Read moreDetails
Want To Learn How to Read Your Credit Card Statement?
Business

Want To Learn How to Read Your Credit Card Statement?

A credit card statement can be defined as a document that provides a comprehensive summary of how the credit card...

Read moreDetails
QR Code: Convenient and safe mode of digital payments
Economy

QR Code: Convenient and safe mode of digital payments

In the retail world, QR codes may be utilized in various techniques. QR Codes may help merchants engage with e-commerce...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest

Top 5 Hill Stations In Uttarakhand

Top 5 Hill Stations In Uttarakhand

10 Forgotten Robert De Niro Performances You Must See

10 Forgotten Robert De Niro Performances You Must See

Discovering Jaipur’s Hidden Gems: 5 Unforgettable Places To Explore In Jaipur

Discovering Jaipur’s Hidden Gems: 5 Unforgettable Places To Explore In Jaipur

ADVERTISEMENT

About

The Second Angle

The Second Angle (TSA) Magazine covers a broad spectrum of topics including Entertainment, Lifestyle, education, Crypto, iGaming, Technology, fashion, beauty, relationships, celebrities, wellness, travel, and food. It also features user-generated content in the form of tips, guest post, forums, polls, contests and other interactive articles.

Important Links

  • About
  • Guest Post
  • Privacy Policy
  • Terms
  • Contact Us
  • Newsletter
ADVERTISEMENT

© 2017-23. The Second Angle. All Rights Reserved. Developed and Managed by SquareBase.io

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Infotainment
    • Sports
    • People
    • Inspiring
  • Entertainment
    • Lifestyle
    • Home & Decoration
  • Buzz
  • Education
  • Travel
  • Finance
  • Healthcare
  • Technology

© 2017-23. The Second Angle. All Rights Reserved. Developed and Managed by SquareBase.io

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.