Reports

67 kb
Date : 11 Jan 2021
Contents
Foreword
List of Select Abbreviations
Overview
Chapter I : Macro-Financial Risks
Introduction
Global Backdrop
Macroeconomic Developments and Outlook
Capital Flows and Exchange Rate Volatility
COVID-19 and Bank Capital
Commodity Market Spillovers
Domestic Macro-Financial Developments
Recent Macroeconomic Developments
Corporate Sector
Banking System – Liquidity Profile
Banking System – Wholesale Credit
Consumer Credit
Bank Credit to MSME Sector
Banking Stability Indicator
Developments in Non-bank Financial Intermediation
Housing Market
Systemic Risk Survey
Chapter II : Financial Institutions: Soundness and Resilience
Introduction
Scheduled Commercial Banks
Asset Quality and Capital Adequacy
Sectoral Asset Quality
Credit Quality of Large Borrowers
Resilience – Macro Stress Tests
Sensitivity Analysis
Bottom-up Stress Tests – Derivatives Portfolio
Scheduled Urban Cooperative Banks
Stress Tests – Credit risk
Stress Tests – Liquidity Risk
Non-banking Financial Companies
Stress Tests
Interconnectedness
Network of the Financial System
Contagion Analysis
Chapter III : Regulatory Initiatives in the Financial Sector
Introduction
Global Developments
Capital
Liquidity
Expected Credit Loss (ECL) provisioning
Operational Risk in Banks
COVID-19 and the Insurance Sector
Other International Regulatory Developments in the Banking Sector
Holistic Review of the Market Turmoil in March 2020
Global Monitoring Report on Non-bank Financial Intermediation
Climate Change Risk
Risks from Outsourcing and Third-party Relationships
Development of Capital Markets in Emerging Markets
Domestic Developments
Initiatives from Regulators/Authorities
Credit Related Measures
Support for the NBFC sector
Insurance Sector
Customer Protection
Resolution and Recovery
Other Regulatory Developments
Bilateral Netting of Contracts
Launch of RTGS 24x7
Remittances through Indian Payment Systems
Digital Transactions – Streamlining Quick Response (QR) Code Infrastructure
Oversight Framework for Financial Market Infrastructures (FMIs) and Retail Payment Systems (RPS)
LIBOR Transition in the Indian Context
Cyber Security
Risk Mitigation Measures
Deposit Insurance
Corporate Insolvency Resolution Process
Mutual Funds
Capital Mobilisation - Equity and Corporate Bonds
Credit Ratings
Commodity Derivatives Market
Insurance
Pension Funds
International Financial Services Centres Authority
Annex 1: Systemic Risk Survey
Annex 2: Methodologies
Annex 3: Important Regulatory Measures
LIST OF BOXES
1.1 Reviving and Restructuring the Corporate Sector
2.1 Stress testing in Pandemic Times: Some Country Experiences
LIST OF CHARTS
1.1 GDP Growth in Major Economies
1.2 Growth Projections for Key Economies
1.3 Policy Response to COVID-19
1.4 Balance sheets of the US Federal Reserve (Fed) and European Central Bank (proportion to their respective GDPs)
1.5 Financial Stress Index
1.6 North American Investment Grade (IG) CDS
1.7 North American High Yield (HY) CDS
1.8 Movement in Key Interest Rates in the US and Eurozone
1.9 Growth in Money Market Mutual Fund Assets in the US and Eurozone
1.10 US: LIBOR- OIS Spread (3-month tenor)
1.11 US: OIS-T-Bill Spread (3-month tenor)
1.12 12-month Forward Earnings Per Share (EPS) Estimates – Major Global Equity Indices
1.13 Price Earnings Multiples of Major Global Indices
1.14 EMs’ Daily Flows (28-day moving average)
1.15 Net Issuance of EM Bonds Abroad
1.16 Emerging Market Bond Returns (Annualised)
1.17 Exchange Rates in AEs and EMs
1.18 US and European Contingent Convertible Additional Tier-1 (AT-1) Index
1.19 Cross-Country Aggregate Loans
1.20 Movements in Aggregate Loan Loss Reserves
1.21 Aggregate CET-1 Ratios
1.22 Brent Crude Oil Spot and Futures
1.23 Movement in Commodity Indices
1.24 Food Price Index
1.25 Net Borrowings (Centre and State Governments) and 10-year Benchmark G-sec Yield
1.26 India’s Merchandise Trade Growth
1.27 Policy Rate and Spread over Market Repo
1.28 Spreads of Term – Risk-free Rate and Unsecured Rate over Operating Overnight Rate
1.29 Slope (short-term) of the Sovereign Yield Curve: 3-month to 3-year
1.30 Slope (3y-7y) of OIS and G-Sec Curves
1.31 Foreign Portfolio Investment Flows
1.32 Trend in Foreign and Domestic Investments in Equity Cash Segment
1.33 Exchange Rate Movements and Realised Volatility
1.34 1-year and 3-year MIFOR - OIS Spread
1.35 Ratio of Interest to PBIDTA and OA for Non-financial Companies (Ownership-wise)
1.36 Ratio of Interest to PBIDTA and OA for Non-PSU Non-financial Companies (Size-wise)
1.37 Ratio of Interest to PBIDTA and OA for Non-PSU Non-financial Companies (Rating-wise)
1.38 Balance sheet Growth and Banking Sector Exposure - Listed Non-PSU Non-Financial Companies
1.39 Long-term Ratings and Number of Obligors
1.40 Credit by SCBs – Annual Growth (y-o-y) by Type
1.41 Market Capitalisation of CPSEs and Credit Offtake
1.42 Exposure Distribution of Non-PSU Non-Financial Obligors
1.43 SMA Distribution of Wholesale Non-PSU Non-financial Obligors Portfolio between August and November, 2020
1.44 Approval Rates by Lender Category
1.45 Inquiry Volumes by Risk Tier
1.46 Banking Stability Map
1.47 Movements in Rebased Net Asset Values of three Schemes
1.48 Average Assets under Management of Debt Schemes and Average Daily Outstanding System Liquidity
1.49 Returns on Liquid fund Index
1.50 Investment in G-Sec/T-Bills/ CBLO and spread products movement
1.51 Issuances of Commercial Paper and Non-Convertible Debentures - Non-PSU Obligors
1.52 Outstanding Commercial Papers and Non-Convertible Debentures - Non-PSU Obligors
1.53 CP Issuances – Non-PSU Non-financial Obligors – Rating-wise
1.54 NCD Issuances – Non-PSU Non-financial Obligors – Rating-wise
1.55 Short-term Money Market Rates
1.56 House Launches and Sales
1.57 Unsold Inventory and Inventory Overhang
1.58 Price Growth Trends in Key Housing Markets
2.1 Select Performance Indicators
2.2 Select Asset Quality Indicators
2.3 Sectoral Asset Quality Indicators
2.4 Select Asset Quality Indicators of Large Borrowers
2.5 Macroeconomic Scenario Assumptions for H2:FY20-21 and H1:FY21-22
2.6 Projection of SCBs’ GNPA Ratios
2.7 CRAR Projections
2.8 Projection of CET 1 Capital Ratio
2.9 Credit Risk - Shocks and Outcomes
2.10 Credit Concentration Risk: Individual Borrowers – Exposure
2.11 Credit Concentration Risk: Group Borrowers – Exposure
2.12 Credit Concentration Risk: Individual Borrowers – Stressed Advances
2.13 Trading Book Portfolio: Bank Group-wise
2.14 Yield Curves and Shift in Yields Across Tenors
2.15 HTM Portfolio – Disaggregated by Type
2.16 Equity Price Risk
2.17 Liquidity Risk – Shocks and Outcomes
2.18 Mark-to market (MTM) of Total Derivatives Portfolio – Select banks, September 2020
2.19 Impact of Shocks on Derivatives Portfolio of Select Banks
2.20 Credit Risk in NBFCs – System Level
2.21 Bilateral Exposures between Entities in the Financial System
2.22 Network Plot of the Financial System, September 2020
2.23 Net Receivables (+ve) / Payables (-ve) by Institution
2.24 Inter-bank Market
2.25 Different Bank Groups in the Inter-bank Market, September 2020
2.26 Composition of Fund based Inter-bank Market
2.27 Network Structure of the Indian Banking System (SCBs+ SUCBs) – September 2020
2.28 Connectivity Statistics of the Banking System (SCBs)
2.29 Gross Receivables of AMC-MFs from the Financial System
2.30 Gross Receivables of Insurance Companies from the Financial System
2.31 Gross Payables of AIFIs to the Financial System
2.32 Gross Payables of NBFCs to the Financial System
2.33 Gross Payables of HFCs to the Financial System
2.34 Contagion Impact of Macroeconomic Shocks (Solvency Contagion)
3.1 Trends in Resource Mobilisation by Mutual Funds and AUM
3.2 Capital Mobilisation in the Primary Market
3.3 Capital Mobilisation through Equity and Debt Issues
3.4 Debt Issues of Listed Companies in terms of Rating Action
3.5 Distribution of Rating Downgrades- Sector wise
3.6 Movement of Global Commodity Price Indices
3.7 Domestic and International Commodity Futures Indices
3.8 Select Sectoral Indices
3.9 Commodity Derivatives Turnover at Exchanges (Futures and Options)
3.10 New Life Insurance Business Premiums - Growth (m-o-m)
LIST OF TABLES
1.1 Growth Projections for 2020 and 2021
1.2 Fiscal Deficit as per cent of GDP – Key Regions
1.3 Fiscal Deficit as per cent of GDP of Low Income Regions
1.4 LCR Profiles across Bank Groups
1.5 Growth in Wholesale Credit
1.6 Disaggregated Wholesale Credit Growth based on Ownership
1.7 Disaggregated Wholesale Credit Growth in Non-PSU obligors
1.8 SMA Transition Matrix for Wholesale Portfolio of a Constant Sample of Non-PSU Non-financial Obligors between August and September 2020
1.9 SMA Transition Matrix for Wholesale Portfolio of a Constant Sample of Non-PSU Non-financial Obligors between August and November 2020
1.10 Sectoral Credit Growth
1.11 Growth in Inquiry volume
1.12 Growth in Consumer Credit (y-o-y, per cent)
1.13 Volume of Inquiries for MSME Credit (y-o-y, per cent)
1.14 Activity in MSME sector (y-o-y, per cent)
1.15 Trends in Resource Mobilisation by Mutual Funds
1.16 Issuances and Near-term Maturities of CPs and NCDs of Non-PSU Non-financial Obligors
2.1 Sector-wise New Loans by SCBs
2.2 Decline in System Level CRAR
2.3 Tenor-wise PV01 Distribution of AFS Portfolio
2.4 OOI - Profit/(loss) on Securities Trading
2.5 Tenor-wise PV01 Distribution of HFT portfolio
2.6 Interest Rate Risk – Bank-groups - Shocks and Impacts
2.7 Contagion losses due to Bank failure – September 2020
2.8 Contagion Losses due to NBFC Failure – September 2020
2.9 Contagion Losses due to HFC Failure – September 2020
3.1 LIBOR Linked Exposures of Various Financial Contracts in India
3.2 Insured Deposits of Cooperative Banks
3.3 Corporate Insolvency Resolution Process
3.4 Sectoral Distribution of CIRPs as on September 30, 2020
3.5 Outcome of CIRPs initiated Stakeholder-wise, as on September 30, 2020
3.6 CIRPs Ending with Orders for Liquidation till September 30, 2020
3.7 SIPs in 2020-21
3.8 Segment-wise Turnover in Commodity Derivatives (Futures and Options)
3.9 Growth in Health Insurance sector
3.10 Business in COVID specific Insurance Products
3.11 Subscribers and AUM: NPS and APY

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