PART ONE: THE ECONOMY- REVIEW AND PROSPECTS |
I. ASSESSMENT AND PROSPECTS |
Lessons from the 2021-22 Experience |
Looking Ahead to 2022-23 |
II. ECONOMIC REVIEW |
The Real Economy |
Price Situation |
Money and Credit |
Financial Markets |
Government Finances |
External Sector |
PART TWO: THE WORKING AND OPERATIONS OF THE RESERVE BANK OF INDIA |
III. MONETARY POLICY OPERATIONS |
Monetary Policy |
The Operating Framework: Liquidity Management |
Monetary Policy Transmission |
Sectoral Lending Rates |
IV. CREDIT DELIVERY AND FINANCIAL INCLUSION |
Credit Delivery |
Financial Inclusion |
Financial Literacy |
V. FINANCIAL MARKETS AND FOREIGN EXCHANGE MANAGEMENT |
Financial Markets Regulation Department |
Financial Markets Operations Department |
Foreign Exchange Department |
VI. REGULATION, SUPERVISION AND FINANCIAL STABILITY |
Financial Stability Unit |
Department of Regulation |
FinTech Department |
Department of Supervision |
Enforcement Department |
Consumer Education and Protection Department |
Deposit Insurance and Credit Guarantee Corporation |
VII. PUBLIC DEBT MANAGEMENT |
Debt Management of the Central Government |
Debt Management of State Governments |
VIII. CURRENCY MANAGEMENT |
Developments in Currency in Circulation |
Currency Management Infrastructure |
Expenditure on Security Printing |
Bharatiya Reserve Bank Note Mudran Private Limited |
IX. PAYMENT AND SETTLEMENT SYSTEMS AND INFORMATION TECHNOLOGY |
Department of Payment and Settlement Systems |
Department of Information Technology |
X. COMMUNICATION, INTERNATIONAL RELATIONS, RESEARCH AND STATISTICS |
Communication Processes |
International Relations |
Government and Bank Accounts |
Managing Foreign Exchange Reserves |
Economic and Policy Research |
Statistics and Information Management |
Legal Issues |
XI. GOVERNANCE, HUMAN RESOURCES AND ORGANISATIONAL MANAGEMENT |
Governance Structure |
Human Resource Development Initiatives |
Enterprise-Wide Risk Management |
Internal Audit/Inspection |
Corporate Strategy and Budget Management |
Rajbhasha |
Premises Department |
Annex |
XII. THE RESERVE BANK’S ACCOUNTS FOR 2021-22 |
Balance Sheet as on March 31, 2022 |
Income Statement for the year ended March 31, 2022 |
Schedules forming part of Balance Sheet and Income Statement |
Statement of Significant Accounting Policies for the year ended March 31, 2022 |
Notes to Accounts |
Annex I: Chronology of Major Policy Announcements: April 2021 to March 2022 |
Annex II: Chronology of Major Policy Announcements to Mitigate the Impact of COVID-19: April 2021 to March 2022 |
Appendix Tables |
BOXES |
II.1.1 : Corporate Performance during the Pandemic: The Role of Corporate Tax Rate Cut |
II.1.2 : Role of Central Banks in Climate Change |
II.1.3 : Impact of COVID-19 Relief Measures on Small Business Financing |
II.1.4 : Impact of Supply Chain Disruptions on GDP Growth and Labour Markets amidst the COVID-19 Shock |
II.2.1 : Sensitivity of Inflation in India to Input Cost Pressures |
II.6.1 : Role of Global Value Chains (GVCs) in Enhancing Exports Competitiveness |
III.1 : Extraordinary Central Bank Lending Facilities during the Pandemic |
IV.1 : Expanding the Reach of CFL Project Across the Country |
V.1 : Roadmap for LIBOR Transition |
VI.1 : Regulatory Framework for Microfinance Loans |
VI.2 : Facilitating the FinTech Innovation: The Reserve Bank’s Approach |
VI.3 : Supervisory Skilling and Empowerment |
VI.4 : New Initiatives towards Strengthening of Grievance Redress Mechanism for Customers of Regulated Entities |
VI.5 : Salient Features of Amendments to the DICGC Act, 1961 |
VII.1 : RBI Retail Direct Scheme |
VIII.1 : Banknote Survey of Consumers: Major Findings |
IX.1 : India and Singapore to Link their Fast Payment Systems - UPI and PayNow |
IX.2 : Household Choice of Digital Payments amidst COVID-19 Pandemic |
X.1 : Central Bank Outreach and Public Awareness |
X.2 : BRICS Chair 2021 - RBI Achievements |
X.3 : NGFS’ Glasgow Declaration and Reserve Bank’s Commitment |
X.4 : Gold as a Financial Asset in Different Phases of Financial Cycles |
X.5 : Satellite Images and Remote Sensing Data for Assessment of Agricultural Commodities |
XI.1 : Setting up of Employee Interface and Analytics Division (EIAD) |
XII.1 : Form of Presentation of the Balance Sheet and Income Statement |
APPENDIX TABLES |
1. Macroeconomic and Financial Indicators |
2. Growth Rates and Composition of Real Gross Domestic Product (At 2011-12 prices) |
3. Gross Savings |
4. Inflation, Money and Credit |
5. Capital Market – Primary and Secondary |
6. Key Fiscal Indicators |
7. Combined Receipts and Disbursements of the Central and State Governments |
8. India’s Overall Balance of Payments |
9. Foreign Direct Investment Flows to India: Country-wise and Industry-wise |