Presence of non-performing assets in a bank also weakens monetary policy transmission and lowers the loan growth rate, said the working paper prepared by RBI
The NGTA, for which the RBI has invited bids from eligible vendors, would be supporting various transactions in asset classes like Fixed Income (FI), Forex (FX), Money Market (MM) and Gold.
The newly-constituted MPC of the Reserve Bank began its three-day deliberations on Wednesday. The decision of the rate-setting panel will be announced on October 9.
Experts opined that RBI may not go for a reduction in the policy rate in the wake of rising Consume Price Index based inflation, driven mainly by supply-side issues