India: Financial Sector Assessment Program-Financial System Stability Assessment

Volume/Issue: Volume 2025 Issue 055

Publication date: February 2025

ISBN: 9798229001748

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Money and Monetary Policy , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Financial sector stability , Loans , Stress testing , Credit , Mutual funds , Nonbank financial institutions , Insurance , Insurance companies , Commercial banks

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Summary

India’s financial system has withstood the pandemic well and has become more resilient since the 2017 FSAP. Nonbank financial institutions (NBFIs)—especially nonbank financial companies (NBFCs) providing credit with wholesale financing—and market financing have grown, making the financial system more diverse and interconnected. The role of the state has diminished, yet it remains significant, including in using the financial system to pursue social and public finance goals.