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Banks’ bad loans may soar to 9.5% by Sept 2022: RBI

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3 years ago

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Banks’ bad loans may soar to 9.5% by Sept 2022: RBI

The Reserve Bank of India predicted on Wednesday that by September next year, the non-performing loans of Indian banks may rise to 9.5% of its total loans.

The central bank pointed out in its biennial financial stability report that if India’s GDP shrinks by 2.1% in the second half of this fiscal year and grows by 1.1% in the first half of the year, this will happen in a “severe stress scenario”. condition. Half of the 2022-’23 fiscal year.

The Reserve Bank of India stated that under the “baseline scenario,” that is, GDP growth in the second half of this fiscal year will be 6.3%, and GDP growth in the next fiscal year will be 12.5%, and non-performing loans may rise to 8.1%.

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The Reserve Bank of India reported that in September this year, non-performing loans accounted for 6.9% of total loans, a record low in six years. However, the central bank pointed out that research in emerging economies shows that non-performing loans usually peak within six to eight quarters after the start of a recession.

The Indian economy has entered a recession phase in the second quarter (July to September) of the last fiscal year (2020-21). When GDP shrinks for two or more consecutive quarters, the economy is considered to be in a technological recession.

Affected by the nationwide coronavirus lockdown, the Indian economy contracted an unprecedented 23.9% in the first quarter of the previous fiscal year (April to June), and contracted by 7.5% in the second quarter.

However, the financial stability report released on Wednesday indicated that the lending solutions of Indian banks have improved. In the last financial stability report released in July, the Reserve Bank of India predicted that even under the “baseline scenario”, non-performing loans could rise to 9.8% by March 2022.

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The Governor of the Reserve Bank of India Shakti Kantadas wrote in the preface of the document: “As highlighted in this issue of the Financial Stability Report, Indian financial institutions remain resilient during the pandemic, and the financial market is generally stable. Policies and regulations Support acts as a buffer.” Released on Wednesday.

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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3 weeks ago

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January 30, 2025

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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