RBI sets up financial stability unit
RBI sets up financial stability unit
Mumbai: The Reserve Bank of India (RBI) has set up a financial stability unit to carry out periodic stress testing of the banking system and preparing financial stability reports.
In a statement on Thursday, the central bank said the unit would also conduct surveillance of the financial system, develop a database of key variables which could affect financial stability, as well as a time series of a core set of financial indicators.
The unit will also undertake systemic stress tests to assess resilience of the banking system and develop models for assessing financial stability.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!