RBI’S FINANCIAL STABILITY REPORT 2024

Published on: July 1, 2025

Indian economy remains a key global growth driver, backed by strong domestic fundamentals and prudent macroeconomic policies.
RBI Governor Sanjay Malhotra cited resilient financial systems, low NPAs, and healthy capital buffers as positive indicators.
Stress tests confirm banking and NBFCs remain robust, even under adverse scenarios.
Inflation outlook is benign, and financial conditions are stable amid low market volatility.
Risks include geopolitical tensions, trade slowdowns, and capital outflows.
Rising global public debt flagged as a serious concern.
The FSR is a biannual report by the RBI-led FSDC sub-committee.

Announcement