PART ONE: THE ECONOMY- REVIEW AND PROSPECTS |
I. ASSESSMENT AND PROSPECTS |
Assessment of the 2019-20 Experience |
Prospects for 2020-21 |
II. ECONOMIC REVIEW |
The Real Economy |
Price Situation |
Money and Credit |
Financial Markets |
Government Finances |
External Sector |
PART TWO: THE WORKING AND OPERATIONS OF THE RESERVE BANK OF INDIA |
III. MONETARY POLICY OPERATIONS |
Monetary Policy |
The Operating Framework: Liquidity Management |
Monetary Policy Transmission |
Sectoral Lending Rates |
IV. CREDIT DELIVERY AND FINANCIAL INCLUSION |
Credit Delivery |
Financial Inclusion |
Financial Literacy |
V. FINANCIAL MARKETS AND FOREIGN EXCHANGE MANAGEMENT |
Financial Markets Regulation Department |
Financial Markets Operations Department |
Foreign Exchange Department |
VI. REGULATION, SUPERVISION AND FINANCIAL STABILITY |
Financial Stability Unit |
Department of Regulation |
Commercial Banks |
Cooperative Banks |
Non-Banking Financial Companies |
Department of Supervision |
Commercial Banks |
Urban Cooperative Banks |
Non-Banking Financial Companies |
All Supervised Entities |
Enforcement Department |
Consumer Education and Protection Department |
Deposit Insurance and Credit Guarantee Corporation |
VII. PUBLIC DEBT MANAGEMENT |
Debt Management of the Central Government |
Debt Management of State Governments |
VIII. CURRENCY MANAGEMENT |
Developments in Currency in Circulation |
Currency Management Infrastructure |
Expenditure on Security Printing |
Bharatiya Reserve Bank Note Mudran Private Limited |
IX. PAYMENT AND SETTLEMENT SYSTEMS AND INFORMATION TECHNOLOGY |
Department of Payment and Settlement Systems |
Department of Information Technology |
X. COMMUNICATION, INTERNATIONAL RELATIONS, RESEARCH AND STATISTICS |
Communication Processes |
International Relations |
Government and Bank Accounts |
Managing Foreign Exchange Reserves |
Economic and Policy Research |
Statistics and Information Management |
Strategic Research Unit |
Legal Issues |
XI. GOVERNANCE, HUMAN RESOURCES AND ORGANISATIONAL MANAGEMENT |
Governance Structure |
Human Resource Development Initiatives |
Enterprise-Wide Risk Management |
Internal Audit/Inspection |
Corporate Strategy and Budget Management |
Rajbhasha |
Premises Department |
Annex |
XII. THE RESERVE BANK’S ACCOUNTS FOR 2019-20 |
Balance Sheet |
Statement of Significant Accounting Policies for the year ended June 30, 2020 |
Income |
Expenditure |
Annex I: Chronology of Major Policy Announcements: July 2019 to June 2020 |
Annex II: Chronology of Major Policy Announcements to Mitigate the Impact of COVID-19 |
Appendix Tables |
BOXES |
II.1.1 : Macroeconomic Impact of COVID-19 |
II.1.2 : Climate Change - The Challenges for Indian Agriculture |
II.3.1 : Impact of COVID-19 on Monetary and Credit Aggregates |
II.4.1 : Impact of Special Operations by the Reserve Bank on Financial Markets |
II.4.2 : India’s Financial Markets: Impact of COVID-19 |
II.6.1 : Global Value Chains in Pandemic Times |
II.6.2 : Capital Flows and Foreign Exchange Reserves: An Analytical Perspective on Absorptive Capacity of the Domestic Economy |
III.1 : Voting Diary of the Monetary Policy Committee, 2016-20 |
IV.1 : Report of the Internal Working Group to Review Agricultural Credit and Implications for Agriculture Sector |
V.1 : Foreign Exchange Market: Improving Access, Transparency and Pricing |
V.2 : Unconventional Tools of Liquidity Management: The Recent RBI Experience |
VI.1 : Secondary Market for Corporate Loans |
VI.2 : Governance in Primary (Urban) Cooperative Banks (UCBs) |
VI.3 : Core Investment Companies (CICs) |
VI.4 : Environment, Social and Governance (ESG) Policy |
VI.5 : Benchmarking to G20 High Level Principles on Financial Consumer Protection |
VI.6 : Survey of Customer Satisfaction from the Offices of Banking Ombudsmen (OBOs) |
VI.7 : The Significance of Reserve Ratio in Deposit Insurance (DI): A Cross-Country Perspective |
VII.1 : Consolidated Sinking Fund (CSF) and Guarantee Redemption Fund (GRF) Schemes of States: Relevance in Current Scenario |
VIII.1 : Mobile Aided Note Identifier (MANI) for the Visually Impaired |
IX.1 : COVID-19 Crisis: Implications for Payment Systems |
IX.2 : NEFT 24X7 |
X.1 : Public Awareness Campaign through SMS |
X.2 : Framework on Currency Swap Arrangement for SAARC Countries, 2019-22 |
X.3 : e-Kuber and Tax Information System (TIN) 2.0: Integration for Direct Taxes |
XI.1 : Progress on Implementation of Strategy Framework – Utkarsh 2022 |
XI.2 : Reserve Bank’s Business Continuity Plan (BCP) for COVID-19 Pandemic |
APPENDIX TABLES |
1. Macroeconomic and Financial Indicators |
2. Growth Rates and Composition of Real Gross Domestic Product (At 2011-12 Prices) |
3. Gross Savings |
4. Inflation, Money and Credit |
5. Capital Market - Primary and Secondary |
6. Key Fiscal Indicators |
7. Combined Receipts and Disbursements of the Central and State Governments |
8. India’s Overall Balance of Payments |
9. Foreign Direct Investment Flows to India: Country-wise and Industry-wise |