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However, driven by food prices, it rose to 6.2 per cent in October, its 14-month high, piercing the upper band on the target.In November, it was 5.47 per cent.

The last two meetings of the Reserve Bank of India’s (RBI’s) Monetary Policy Committee in October and December, however, saw some action as the growth-inflation dynamics started changing.

Meanwhile, the gross NPAs of the non-banking financial companies (NBFCs) dropped from 4.6 per cent to 4 per cent, and return on assets rose from 2.9 per cent to 3.3 per cent.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Reserve Bank of India Consumer price index NBFC NPAs Indian economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-22 @ 16:51:11 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1375 words

Reading Time: 8 minutes read

Sentences: 7 lines

Sentence Length: 197 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24581449

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 119 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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