RBI’s financial stability report: Stress may tell on lenders, pile on NPAs, erode buffers

The report, published on Monday by the Reserve Bank of India (RBI), forecast the economy will expand 6.6% in FY25, in line with the forecast given by outgoing governor Shaktikanta Das announcing the last monetary policy on December 6. GDP growth had retreated to 5.4% — the slowest in seven quarters — in the three months to September.