List of Select Abbreviations

Overview

Chapter I : Macro-Financial Risks

Global backdrop

Domestic macroeconomic conditions

Growth

Inflation

Credit

Household financial savings

External developments

Financial markets

Government expenditure

Mortgage debt: House prices and loan to value/income ratios

Chapter II : Financial Institutions: Developments and Stability

Scheduled commercial banks

Performance

Risks

Stress tests

Regional rural banks

Local area banks

Scheduled urban co-operative banks

Performance

Stress tests

Rural co-operatives

Short-term rural credit co-operatives

Long-term rural credit co-operatives

Non-banking financial companies

Performance

Stress tests

Interconnectedness

Chapter III : Financial Sector Regulation and Infrastructure

Progress on global regulatory reforms programme

Indian banking sector’s health and asset quality: Focus on PSBs

Regulation of securities market

Financial market infrastructure

Financial safety net: Deposit Insurance and Credit Guarantee Corporation

Pension sector

Commodity derivatives markets

Annex 1: Systemic Risk Survey

Annex 2: Methodologies

List of Boxes

1.1 Real Estate Investment Trusts

2.1 Interconnectedness in the Financial System – How Vital and How Critical

3.1 Salient Features of Revised Regulatory Framework for NBFCs

3.2 Important Regulatory and Supervisory Measures

3.3 Financial Inclusion Plan : Progress up to September 2014

3.4 SEBI Guidelines on Core SGF, Default Waterfall and Stress Test

List of Charts

1.1 Volatility and risk reversals in financial markets

1.2 Capacity utilisation

1.3 Envisaged private corporate investment intentions

1.4 Consumer price index based inflation

1.5 Trends in bank credit and deposit mobilisation

1.6 Growth in sectoral credit deployment by major sectors

1.7 Business vis-à-vis credit cycles: BP filter (frequencies: 10-14 years)

1.8 Sector-wise gross domestic savings and valuables

1.9 Improvements in the external sector

1.10 Foreign portfolio investments in India

1.11 FPIs by country of origin (Between June 2013 – October 2014)

1.12 Portfolio Inflows into select EMEs

1.13 Stock market and currency movements

1.14 Government expenditure

1.15 Government receipts

1.16 LTV: Share in new housing loans

1.17 LTI: Share in new housing loans

2.1 Asset, credit and deposit growth

2.2 Trends in outstanding C-D ratio: Bank-group wise

2.3 Credit and deposit growth: y-o-y basis

2.4 Capital adequacy: CRAR

2.5 Leverage ratio of SCBs

2.6 Asset Quality of SCBs

2.7 Trends in Spread / NIM

2.8 Banking stability indicator

2.9 Banking stability map

2.10 Projection of system level GNPAs and CRAR of SCBs

2.11 Projection of bank group-wise GNPAs and CRAR

2.12 Projected sectoral GNPAs

2.13 Expected losses: Bank group-wise

2.14 Unexpected losses: Bank group- wise

2.15 Expected shortfalls: Bank group-wise

2.16 Expected losses and unexpected losses: Bank-wise

2.17 Credit risk: Shocks and impacts

2.18 Credit risk: Concentration

2.19 Liquidity risk (deposit run-offs)

2.20 Trends in derivatives portfolio (credit equivalent) of SCBs

2.21 MTM of total derivatives-baseline

2.22 Stress tests : Impact of shocks on derivatives portfolios of select banks

2.23 Trend in profitability of RRBs

2.24 Return on assets and net interest margin of LABs

2.25 Number of UCBs and their asset growth

2.26 Credit-deposit and investment-deposit ratios for UCBs as compared to SCBs

2.27 Select balance sheet indicators of StCBs

2.28 Trend in profitability of DCCBs

2.29 GNPA ratio of short-term rural co-operatives

2.30 Growth in credit outstanding from PACS

2.31 Profit/Loss making PACS

2.32 Trends in balance sheet indicators of SCARDBs

2.33 Profitability indicators of PCARDBs

2.34 Asset quality of NBFCs-ND-SI

2.35 CRAR of NBFCs-ND-SI

2.36 Trends in return on assets of NBFCs-ND-SI

2.37 Size of interbank market

2.38 Share of different bank groups in the interbank market

2.39 Interbank lending

2.40 Interbank borrowing

2.41 Fund based and non-fund based exposures in the interbank market

2.42 Fund based interbank borrowing

2.43 Short term interbank market

2.44 Network structure of the Indian banking system (September 2014)

2.45 Funds raised by the banking sector from AMCs and insurance companies

3.1 Average CET1, Tier 1 and total capital ratios under the current framework

3.2 Capital ratios of the banking sector (September 2014)

3.3 Insurance companies’ investments in long-term capital instruments/bonds of the banking sector

3.4 Available liquidity (unadjusted level 1HQLA) of the banking sector (September 2014)

3.5 Size of the shadow banking system in BRICS countries

3.6 Share of different sectors in total assets of the Indian financial system

3.7 Quarterly trends in the number of cases and amounts under the CDR Cell

3.8 Average debt-equity ratio of BSE 100 companies

3.9 Amount of assets sold by banks to ARCs

3.10 Banking sector investment in DFIs

3.11 Loans and advances given by DFIs to the banking sector

3.12 Trends in offshore derivative instruments

3.13 Ratio of turnover in cash market to that of derivatives market

3.14 Distribution of AuM of mutual funds in India, by investor type, investment products and geographical reach

3.15 Equity AuM composition by investors (duration-wise)

3.16 Non equity AuM composition by investors (duration wise)

3.17 Frequency distribution of commonly held equity shares by top-10 AMCs

3.18 Distribution of settlement systems (in value)

3.19 Distribution of settlement systems (in volume)

3.20 Deposit insurance fund: Surplus and actuarial liabilities

List of Tables

2.1 Changes in the stressed advances ratio : March - September 2014

2.2 Share of stressed advances in total loan portfolio

2.3 Return on assets and return on equity of SCBs : Bank group-wise

2.4 Profitability of SCBs

2.5 Macroeconomic scenario assumptions

2.6 Credit risk: Sectors

2.7 Liquidity risk: Utilisation of undrawn limits/ devolvement of contingencies

2.8 Select financial soundness indicators of SUCBs

2.9 Soundness indicators of rural co-operative banks (short-term)

2.10 Soundness indicators of rural co-operative banks (long-term)

2.11 Consolidated balance sheet of NBFCs-ND-SI

2.12 Financial performance of NBFCs-ND-SI Sector

2.13 Contagion triggered by the top 5 connected banks in the system

3.1 Exposure of banks, AMCs and insurance companies to top NBFCs

3.2 Size-wise distribution of NBFCs registered with the Reserve Bank

3.3 Industry-wise position on proportion of promoters’ pledged shares

3.4 Select indicators on concentration in the Indian mutual fund industry