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.

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