Contents - ਆਰਬੀਆਈ - Reserve Bank of India
109784865
ਪ੍ਰਕਾਸ਼ਿਤ ਤਾਰੀਖ ਜੂਨ 27, 2024
Contents
Foreword |
List of Select Abbreviations |
Overview |
Chapter I : Macrofinancial Risks |
Global Backdrop |
Macrofinancial Development and Outlook |
Global Macrofinancial Risks |
Elevated Public Debt |
Stretched Asset Valuations |
Stress in the Commercial Real Estate Sector |
Geopolitical Risks |
Risks stemming from Private Credit |
Cyber Risk |
Domestic Macrofinancial Risks |
Domestic Growth and Inflation |
External Sector |
Foreign Exchange Market |
Corporate Sector |
Government Finance |
Household Finance |
Money and Capital Markets |
Mutual Funds |
Banking Stability Indicator |
Banking System |
Non-Banking Financial Companies |
Consumer Credit |
Housing Sector |
Cyber Risk |
Financial System Stress Indicator |
Systemic Risk Survey |
Chapter II : Financial Institutions: Soundness and Resilience |
Scheduled Commercial Banks (SCBs) |
Asset Quality |
Sectoral Asset Quality |
Credit Quality of Large Borrowers |
Capital Adequacy |
Earnings and Profitability |
Resilience – Macro Stress Tests |
Sensitivity Analysis |
Bottom-up Stress Tests: Credit, Market and Liquidity Risk |
Bottom-up Stress Tests: Derivatives Portfolio |
Primary (Urban) Cooperative Banks |
Stress Testing |
Non-Banking Financial Companies (NBFCs) |
Stress Test - Credit Risk |
Stress Test - Liquidity Risk |
Insurance Sector |
Stress Testing of Mutual Funds |
Stress Testing Analysis at Clearing Corporations |
Interconnectedness |
Financial System Network |
Contagion Analysis |
Chapter III : Regulatory Initiatives in the Financial Sector |
Global Regulatory Initiatives |
Markets and Financial Stability |
FinTech and Financial Stability |
Banking and Financial Stability |
Climate Finance and Financial Stability |
Cyber Security and Financial Stability |
Domestic Regulatory Initiatives |
Operational Risk Management and Operational Resilience |
Voluntary Transition of Small Finance Banks to Universal Banks |
Reserve Bank of India (Government Securities Lending) Directions, 2023 |
Margining for Non-Centrally Cleared OTC Derivatives |
Investments in Alternative Investment Funds |
Omnibus Framework for recognising Self Regulatory Organisations for REs |
Credit/Investment Concentration Norms – Credit Risk Transfer |
Framework for dealing with D-SIBs |
Regulatory Framework for Index Providers in the Indian Securities Market |
Introduction of Beta version of T+0 Rolling Settlement Cycle on Optional Basis |
Business Continuity for Clearing Corporations through Software as a Service Model |
Other Developments |
Customer Protection |
Enforcement |
Deposit Insurance |
Corporate Insolvency Resolution Process |
Developments in International Financial Services Centre |
Insurance |
Pension Funds |
Annex 1: Systemic Risk Survey |
Annex 2: Methodologies |
Annex 3: Important Domestic Regulatory Measures |
Reserve Bank of India (RBI) |
Securities and Exchange Board of India (SEBI) |
Insurance Regulatory and Development Authority of India (IRDAI) |
Pension Fund Regulatory and Development Authority (PFRDA) |
Insolvency and Bankruptcy Board of India (IBBI) |
International Financial Services Centres Authority (IFSCA) |
LIST OF BOXES |
Chapter I |
1.1 Geopolitical Uncertainties: Effect on Portfolio Flows and Exchange Rate Volatility |
Chapter II |
2.1 Banking System Resilience Measured through the Speed of Convergence |
2.2 Derivative Portfolio: Determinants of Income |
LIST OF CHARTS |
Chapter I |
1.1 Global Growth Forecast |
1.2 Global Headline Inflation |
1.3 Macroeconomic Fundamentals |
1.4 Financial System Soundness |
1.5 Reserve Adequacy and Banking System Buffers |
1.6 Banking Sector Soundness Indicators |
1.7 Market Expectations of Policy Rates |
1.8 Financial Conditions and Volatility |
1.9 Central Bank Reserves and Equity Prices |
1.10 Five-year-ahead Global Growth Projections (Real GDP) |
1.11 Global Public Debt |
1.12 Interest Rate-Growth Rate Differential (G7 countries) |
1.13 Debt Dynamics |
1.14 Asset Valuations |
1.15 Corporate Defaults |
1.16 Real Equity Returns in Post-tightening Plateaus |
1.17 Change in Major Currencies against USD |
1.18 Commodity Prices and the US Dollar |
1.19 CRE Exposures |
1.20 NBFIs CRE Exposure and Interlinkages with Banks in US |
1.21 Geopolitical Risk and Trade Restrictions |
1.22 Geopolitical Events and Crude Oil |
1.23 Size of Private Credit Market |
1.24 Global Cyberattacks |
1.25 Impact of Cyberattacks on US Bank Deposits |
1.26 Contribution to GDP Growth |
1.27 Consumer Price Inflation |
1.28 Suez Canal Transit Trade Volumes |
1.29 Trade Deficit, Service Exports and Private Transfers |
1.30 Balance of Payments |
1.31 External Vulnerability Indicators |
1.32 Exchange Rate Indicators |
1.33 Implied Volatility and Onshore-Offshore Spread |
1.34 Non-Financial Corporates – Debt-Equity and Debt-to-GDP Ratios |
1.35 Nominal Sales Growth |
1.36 Operating Profit Margin – Listed Private Non- Financial Companies |
1.37 Corporate Vulnerability Indicators |
1.38 Trend in Credit Rating Actions |
1.39 Key Fiscal Performance Indicators - Central Government |
1.40 Key Fiscal Performance Indicators - State Governments |
1.41 India, AEs and EMDEs – Debt and Deficit |
1.42 Debt Indicators |
1.43 Gross Savings and Household Savings |
1.44 Household Financial Savings |
1.45 Household Borrowings from Financial Institutions |
1.46 Household Debt |
1.47 Money Market Rates and System Liquidity |
1.48 Money Market Spreads and Mutual Fund Investments |
1.49 Daily Change in Government Balance and Banking System Liquidity |
1.50 Sovereign Yield Curve and Term Spread |
1.51 Corporate Bond Spreads |
1.52 Corporate Bond Issuance and Subscription |
1.53 Equity Market Performance and P/E Ratios |
1.54 Decomposition of Cumulative Nifty Returns |
1.55 Equity Market Volatility |
1.56 Performance of Nifty Benchmark Indices |
1.57 12-month Forward P/E Ratios |
1.58 Annual Trends in Net Inflows to Different Schemes of Mutual Funds |
1.59 Trend in Net FPI Investments |
1.60 Trends in Net Investments – FPIs, DIIs and Individual Investors |
1.61 Net Inflows in Open-ended Schemes |
1.62 Trends in Monthly SIP Contribution and Outstanding SIP Accounts |
1.63 Banking Stability Indicator |
1.64 Banking System Capital |
1.65 Asset Quality Indicators |
1.66 Banking System Profitability and Market Valuation Indicators |
1.67 Credit and Deposit Growth |
1.68 Credit Deposit Ratio |
1.69 GDP Growth and Credit-to-GDP Gap |
1.70 Credit and Deposit Growth – Long Term Dynamics |
1.71 Credit and Deposit Growth (including and excluding HFC Merger Impact) |
1.72 C-D Ratios Across Past High Credit Growth Cycles |
1.73 LCR, C-D Ratio and Excess SLR |
1.74 Retail Share – Total Loans and Fresh Accretion to NPAs |
1.75 Bank Lending to NBFCs |
1.76 Impact of Unrealised HTM Losses on CET1 Ratio of Select Banks |
1.77 NBFC Lending, Bank Lending to NBFCs and Cost of Funds |
1.78 NBFCs – Financial Indicators |
1.79 Retail Loans and Share of Unsecured Loans |
1.80 Capital Adequacy and Credit Growth |
1.81 Solvency Losses of Banks due to Hypothetical Failure of NBFCs |
1.82 Inquiry Volumes by Product Category |
1.83 Consumer Credit – Asset Quality |
1.84 Delinquency Levels – Personal Loans (Below ₹ 50,000) |
1.85 House Prices and Rent |
1.86 House Sales, Launches and Unsold Inventory |
1.87 Residential and CRE Loans |
1.88 Cyber Risk |
1.89 Cyber Risk Awareness in India |
1.90 Categories of Cyber Incidents |
1.91 FSSI and its Broad Components |
1.92 Components of FSSI |
1.93 Potential Risks to Financial Stability |
Chapter II |
2.1 Deposit and Credit Profile of SCBs |
2.2 Select Asset Quality Indicators |
2.3 Sectoral Asset Quality Indicators |
2.4 Select Asset Quality Indicators of Large Borrowers |
2.5 Capital Adequacy |
2.6 Select Performance Indicators of SCBs |
2.7 Macro Scenario Assumptions for 2024-25 |
2.8 CRAR Projections |
2.9 Projection of CET1 Ratio |
2.10 Projection of SCBs’ GNPA Ratios |
2.11 Credit Risk – Shocks and Outcomes |
2.12 Credit Concentration Risk: Individual Borrowers – Exposure |
2.13 Credit Concentration Risk: Group Borrowers – Exposure |
2.14 Credit Concentration Risk: Individual Borrowers – Stressed Advances |
2.15 Trading Book Portfolio: Bank-group wise |
2.16 Yield Curves and Shift in Yields across Tenors |
2.17 HTM Portfolio – Composition |
2.18 HTM Portfolio – Unrealised Gain/Loss |
2.19 Equity Price Risk |
2.20 Liquidity Risk – Shocks and Outcomes |
2.21 Liquidity Risk – Reverse Stress Test Results |
2.22 Bottom-up Stress Tests: Credit and Market Risks – Impact on CRAR |
2.23 Bottom-up Stress Tests: Liquidity Risk |
2.24 MTM of Total Derivatives Portfolio of Select Banks |
2.25 Impact of Shocks on Derivatives Portfolio of Select Banks |
2.26 Income from the Derivatives Portfolio |
2.27 Credit Profile and Asset Quality Indicators of UCBs |
2.28 Stress Test of UCBs |
2.29 Sectoral Credit Growth of NBFCs |
2.30 Activity-based Credit Growth of NBFCs |
2.31 Sectoral GNPA Ratio of NBFCs |
2.32 Asset Quality of NBFCs |
2.33 Capital Adequacy, Profitability and Efficiency |
2.34 Liquidity Stock Measures |
2.35 Credit Risk in NBFCs – System Level |
2.36 Range (Surplus (+)/ Deficit (-)) of LR-RaR Maintained by AMCs over AMFI Prescribed Limits |
2.37 Range (Surplus (+)/ Deficit (-)) of LR-CRaR Maintained by AMCs over AMFI Prescribed Limits |
2.38 Bilateral Exposures between Entities in the Financial System |
2.39 Instrument-wise Exposure among Entities in the Financial System |
2.40 Network Plot of the Financial System |
2.41 Net Receivables (+ve)/ Payables (-ve) by Institutions |
2.42 Inter-Bank Market |
2.43 Share of Different Bank Groups in the Inter-Bank Market |
2.44 Composition of Fund based Inter-Bank Market |
2.45 Network Structure of the Indian Banking System (SCBs + SFBs + SUCBs) |
2.46 Connectivity Statistics of the Banking System (SCBs) |
2.47 Gross Receivables of AMC-MFs from the Financial System |
2.48 Gross Receivables of Insurance Companies from the Financial System |
2.49 Gross Payables of NBFCs to the Financial System |
2.50 Gross Payables of HFCs to the Financial System |
2.51 Gross Payables of AIFIs to the Financial System |
2.52 Contagion Impact of Macroeconomic Shocks |
Chapter III |
3.1 Summary of Outcomes |
3.2 NPS and APY – Subscribers and AUM Trend |
3.3 NPS and APY AUM: Asset Class-wise Bifurcation |
LIST OF TABLES |
Chapter I |
1.1 Capital Flows |
1.2 Debt Share of Firms Below/ Above ICR Threshold Values |
1.3 Sectoral Share in Sales of Companies with ICR<=1 |
1.4 Fiscal Indicators – Central Government |
1.5 Central Government Finances – Key Deficit Indicators |
1.6 State Government Finances – Key Deficit Indicators |
1.7 Autonomous Drivers of Banking System Liquidity |
1.8 Returns of Nifty Benchmark Indices |
1.9 Summary of Risk Parameters of Midcap and Smallcap Mutual Fund Schemes |
1.10 Derivatives to Cash Ratio |
1.11 AUMs of the Domestic Mutual Fund Industry |
1.12 Credit and Deposit – Divergence and Convergence |
1.13 C-D Ratio and Ratio of Loanable Funds |
1.14 Growth in Outstanding Balances by Product Type |
Chapter II |
2.1 Decline in System Level CRAR – Sectoral Credit Risk |
2.2 PV01 of AFS and HFT Portfolios |
2.3 Interest Rate Risk – Bank-groups – Shocks and Impacts |
2.4 OOI – (Profit / Loss) on Securities Trading – All Banks |
2.5 Earnings at Risk – Traditional Gap Analysis |
2.6 Market Value of Equity – Duration Gap Analysis |
2.7 NBFCs’ Sources of Funds |
2.8 Liquidity Risk in NBFCs |
2.9 Solvency Ratio of Life Insurance Sector |
2.10 Solvency Ratio of Non-Life Insurance Sector |
2.11 Stress Testing of Open-Ended Debt Schemes of Mutual Funds |
2.12 Minimum Required Corpus of Core SGF Based on Stress Testing Analysis at Clearing Corporations |
2.13 Contagion Losses due to Bank Failure |
2.14 Contagion Losses due to NBFC Failure |
2.15 Contagion Losses due to HFC Failure |
Chapter III |
3.1 Category of Complaints Received under the RB-IOS, 2021 |
3.2 Coverage of Deposits |
3.3 Bank Group-wise Deposit Protection Coverage |
3.4 Deposit Insurance Premium |
3.5 Deposit Insurance Fund and Reserve Ratio |
3.6 Corporate Insolvency Resolution Process |
3.7 Sectoral Distribution of CIRPs |
3.8 Outcome of CIRPs, Initiated Stakeholder-wise |
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