Realizing the need to provide financial instruments to investors for protecting against inflation, Reserve Bank in consultation with the Government of India has recently launched Inflation Index Bonds (IIBs) to provide an inflation protecting savings instrument. The first tranche of IIBs with a face value of ₹ 10 billion was recently auctioned and met with huge success.
However, we will consider whether we can move forward with any aspects of the SCB proposal for CCAR 2019, such as assumptions related to balance sheet growth, and I will ask the Board to exempt firms with less than $ billion in assets from the CCAR quantitative assessment and supervisory stress testing in 2019.