This is an overview of the most important topics covered by The Hindu and The Indian Express in today's newspaper along with the links for the relevant topics.

Context: NPAs down, credit growth picking up: RBI (crux of the article is also included). Financial Stability report is a half-yearly report published by the RBI. It is a report for  the collective assessment of the Sub-committee of the Financial Stability and Development Council (FSDC) on risks to financial stability, as also the resilience of the financial system. The Report also discusses issues relating to development and regulation of the financial sector.

Context: Europe braces for a heatwave, and it's likely the new normal. About Heatwave: Globally, a heatwave is  considered to be an extended period of hot weather relative to the expected conditions of the area at that time of year, which may be accompanied by high humidity. 

This is a new initiative by Aspire IAS in which we update current affairs, specifically relevant for Prelims GS Paper 1