Foreword |
List of Select Abbreviations |
Overview |
Chapter I : Macro-Financial Risks |
Global |
Growth |
Unconventional Monetary Policies – Exit |
Domestic |
Growth |
CAD and External Sector Vulnerability |
Fiscal Consolidation |
Government Borrowing Programme - Impact on Yields |
Equity Markets |
Saving in the Economy |
Housing Market |
Liquidity: Banking and Systemic |
Corporate Performance |
Chapter II : Financial Institutions: Soundness and Resilience |
Assessment of Risks - Banking Sector |
Distress Dependencies and Interconnectedness |
Banking Stability Measures (BSMs) – Distress Dependency Analysis |
Network Analysis |
Scheduled Commercial Banks |
Scheduled Urban Co-operative Banks |
Non-Banking Financial Companies |
Insurance |
Pension Fund |
Chapter III : Financial Sector Regulation and Infrastructure |
Implementation of Global Regulatory Reforms |
Basel – III |
Over The Counter Derivatives |
Legal Entity Identifier System |
Systemically Important Financial Institutions |
Shadow Banking |
Market Conduct and Consumer protection |
Technology Risks in the Changing Business Environment |
Financial Market Infrastructure |
Annex-1: Systemic Risk Survey |
Annex-2: Methodologies |
LIST OF BOXES |
1.1 |
Unconventional Monetary Policies - Risks |
1.2 |
Corporate Bond Markets in India: Some Persisting Issues |
2.1 |
Estimation of Losses |
3.1 |
Regulation, Innovation and Regulatory Dialectics |
3.2 |
Major Changes Announced in the LCR Guidelines |
3.3 |
Extension of SIFI framework to D-SIBs |
3.4 |
Virtual Currency Schemes |
LIST OF CHARTS |
1.1 |
GDP Growth and Forecasts |
1.2 |
Macro and Financial Markets Stability Map |
1.3 |
Growth Forecasts for the BRICS Nations |
1.4 |
Sources of Financing India’s CAD |
1.5 |
India’s Gold Imports |
1.6 |
Current Account Balances and Exchange Rate Movements |
1.7 |
GOI Market Borrowing Programme: Redemptions |
1.8 |
Debt to GDP Ratio |
1.9 |
BSE IPO Index, BSE Sensex and NSE Nifty |
1.10 |
Resource Mobilization via Corporate Bonds |
1.11 |
Saving in the Indian Economy |
1.12 |
House Price Indices: India |
1.13 |
Growth in Bank Loans to the Housing Sector |
1.14 |
Share of Credit to the Housing Sector in Non Food Credit |
1.15 |
Systemic Liquidity Indicator |
1.16 |
Bond Issuances by Indian Corporates Abroad |
2.1 |
Banking Stability Indicator and Map |
2.2 |
Movements of JPoD and BSI |
2.3 |
Distress between specific banks |
2.4 |
Lending in the interbank market |
2.5 |
Borrowing in the interbank market |
2.6 |
Network of the interbank call money market |
2.7 |
Network of the interbank CD market |
2.8 |
Network of the Financial System |
2.9 |
Liquidity Contagion in the Financial System |
2.10 |
Credit and Deposits Growth: Y-o-Y Basis |
2.11 |
Seasonal Factors of Credit and Deposit |
2.12 |
Seasonality in Credit and Deposit |
2.13 |
Allocation of Credit – Select Sectors |
2.14 |
Y-o-Y Credit Growth – Select Sectors |
2.15 |
Capital Adequacy |
2.16 |
Leverage Ratio of SCBs |
2.17 |
Bank-wise Leverages and their Riskiness of Assets |
2.18 |
Assets Quality Indicators |
2.19 |
Asset Quality - Seasonal Factors |
2.20 |
Restructured Standard loans to Total loans Ratio |
2.21 |
Stressed Loans : Sector-wise |
2.22 |
Composition of Total Operating Income: Bank-group wise |
2.23 |
Income to SCBs from Commission of Insurance Companies |
2.24 |
Contribution of Bank-groups to NII and OOI of SCBs |
2.25 |
NIM of Select Countries |
2.26 |
Projection of System Level GNPAs |
2.27 |
Projection of System Level CRAR |
2.28 |
Projection of Bank-group wise GNPAs and CRAR |
2.29 |
Top-down Stress Tests – Credit Risk |
2.30 |
Bottom-up Stress Tests – Credit & Market Risks |
2.31 |
Bottom-up Stress Tests – Liquidity Risk |
2.32 |
Trend in Notional Principal of Total Derivatives |
2.33 |
Derivatives Portfolio of SCBs |
2.34 |
Share of Inter-bank segment in derivatives transactions |
2.35 |
Credit Equivalent of Derivatives Portfolio |
2.36 |
MTM of Total Derivatives |
2.37 |
Stress Tests - Impact of shocks on Derivatives Portfolio of Select Banks |
2.38 |
Impact of Shocks on Capital Position – SUCBs |
2.39 |
Impact of Liquidity Shocks – SUCBs |
2.40 |
Trends in Capital to Risk Weighted Assets Ratio |
2.41 |
Trends in Gross NPA Ratio |
2.42 |
Trends in Return on Assets |
2.43 |
Trends in Advances to Real Estate Sector |
2.44 |
Trends in Exposure to Capital Market |
2.45 |
New Business Premium |
2.46 |
Composition of New Business Premium |
3.1 |
RWA density |
3.2 |
Public Deposits of NBFCs |
3.3 |
Number of companies - NBFC-D and NBFC-ND-SI |
3.4 |
Total Assets - NBFC-D and NBFC-ND-SI |
LIST OF TABLES |
1.1 |
External Sector Vulnerability Indicators |
1.2 |
Resource Mobilisation in the Equity Market : Public and Rights Issues |
1.3 |
Corporate Sector Performance |
2.1 |
Contagion due to the distress in one of the five largest borrower banks |
2.2 |
Liquidity contagion in the financial system if one of the large lenders/ investors is under distress |
2.3 |
Estimated Losses of SCBs |
2.4 |
Profitability of SCBs |
2.5 |
Income components of SCBs - Select Ratios |
2.6 |
Macroeconomic Scenario Assumptions |
2.7 |
Projected Sectoral NPA |
2.8 |
Select Financial Soundness Indicators of SUCBs |
2.9 |
Developments in New Pension System |
2.10 |
Weighted Average Returns on Pension Funds |
3.1 |
Capital requirements for Indian banks under Basel III |
3.2 |
Exposure of NSCCL and ICCL to top five banks |