India: Financial Sector Assessment Program-Financial System Stability Assessment

International Monetary Fund

No 2025/055, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: market financing; coverage ratio; NBFC liquidity stress test result; policy option; liquidity support; FSAP finding; Financial sector stability; Nonbank financial institutions; Credit; Mutual funds; Anti-money laundering and combating the financing of terrorism (AML/CFT); Global (search for similar items in EconPapers)
Pages: 103
Date: 2025-02-28
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