India: Financial System Stability Assessment-Press Release and Statement by the Executive Director for India

December 21, 2017

Preview Citation

Format: Chicago

India: Financial System Stability Assessment-Press Release and Statement by the Executive Director for India, (USA: International Monetary Fund, 2017) accessed September 18, 2024

Summary

This paper discusses the findings of the Financial System Stability Assessment for India. Since the 2011 Financial Sector Assessment Program, India has recorded strong growth in both economic activity and financial assets, supported by important structural reforms and terms of trade gains. Increased diversification, commercial orientation, and technology-driven inclusion have supported growth in the financial industry, backed by improved legal, regulatory, and supervisory frameworks. Yet, the financial sector is facing considerable challenges, and economic growth has recently slowed down. High nonperforming assets (NPAs) and slow deleveraging and repair of corporate balance sheets are testing the resilience of the banking system, and holding back investment and growth. The authorities have been pursuing policies to accelerate the process of NPA resolution.

Subject: Banking, Commercial banks, Distressed assets, Financial institutions, Financial regulation and supervision, Financial Sector Assessment Program, Financial sector policy and analysis, Solvency

Keywords: Commercial banks, CR, Distressed assets, Financial Sector Assessment Program, Global, ISCR, Merger proposal, Plan, Public-sector banks, Recapitalization, Recapitalization plan, Solvency, Solvency regime, Upfront recapitalization

Publication Details

Pages:

94
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/390
Stock No:

1INDEA2017003
ISBN:

9781484334164
ISSN:

1934-7685

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