I shall first review the benefits of non-bank finance; then I shall highlight the potential sources of systemic risk, particularly those from asset managers, and make some considerations about how they are being / should be approached by the supervisory authorities. I shall also touch upon the potential risks from Fintech.
India is also amongst the first few signatories to the Special Data Dissemination Standards (SDDS) as defined by the International Monetary Fund for the purpose of releasing data and the RBI contributes to SDDS in a significant manner. There has been an ongoing and steady improvement in the collection, compilation, coverage and publications of various economic and monetary statistics.