Gross non-performing assets of public sector banks surged to 9.32 per cent (Rs 4.76 lakh crore) of advances in 2015-16, from 5.43 per cent (Rs 2.67 lakh crore) in 2014-15.
The global lending agency also said that Brexit has resulted in global economic uncertainty.
IMF said in 2017, India is likely to grow at the rate of 7.2 per cent instead of the earlier projected 7.6 per cent.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
US commercial crude oil stocks were forecast to have risen by 3 million barrels last week
Although the first woman to hold the position of chief economist at IMF, it would be wrong to see her appointment through the lens of gender
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