IMF Staff Country Reports

India: Financial Sector Assessment Program-Financial System Stability Assessment

February 28, 2025

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "India: Financial Sector Assessment Program-Financial System Stability Assessment", IMF Staff Country Reports 2025, 055 (2025), accessed March 31, 2025, https://doi.org/10.5089/9798229001748.002

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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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Credit, Crime, Financial institutions, Financial sector policy and analysis, Financial sector stability, Money, Mutual funds, Nonbank financial institutions

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Coverage ratio, Credit, Financial sector stability, FSAP finding, Global, Liquidity support, Market financing, Mutual funds, NBFC liquidity stress test result, Nonbank financial institutions, Policy option

Publication Details

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