{"id":72701,"date":"2025-11-10T15:29:45","date_gmt":"2025-11-10T09:59:45","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=72701"},"modified":"2025-11-10T18:05:19","modified_gmt":"2025-11-10T12:35:19","slug":"financial-sector-assessment-fsa-report","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/financial-sector-assessment-fsa-report\/","title":{"rendered":"Financial Sector Assessment (FSA) Report"},"content":{"rendered":"<h2><b>Financial Sector Assessment (FSA) Report Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The latest Financial Sector Assessment (FSA) report has stated that India is achieving its vision to become a $30 trillion economy by 2047.\u00a0<\/span><\/p>\n<h2><b>About Financial Sector Assessment (FSA) Report<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It was published<\/span><b> by the World Bank.<\/b><\/li>\n<\/ul>\n<h2><b>Key Highlights of the Report<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">India\u2019s financial system has become more <\/span><b>resilient, diversified, and inclusive.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It acknowledges that financial sector reforms helped India recover from <\/span><b>various distress episodes of the 2010s as well as the pandemic.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">India&#8217;s &#8216;world class&#8217; <\/span><b>digital public infrastructure<\/b><span style=\"font-weight: 400;\"> and government programmes have significantly improved access to a wider range of financial services for men and women.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">WB welcomed the <\/span><b>scale-based regulation for NBFCs<\/b><span style=\"font-weight: 400;\"> which recognises the different needs of this diverse industry.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">India\u2019s <\/span><b>capital markets<\/b><span style=\"font-weight: 400;\"> (equity, government bonds and corporate bonds) have increased from <\/span><b>144 percent<\/b><span style=\"font-weight: 400;\"> to about <\/span><b>175 percent of GDP since the last Financial Sector Assessment Program.\u00a0<\/b><\/li>\n<\/ul>\n<h3><b>What is the Financial Sector Assessment Program?<\/b><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is a joint program of the <\/span><b>International Monetary Fund<\/b><span style=\"font-weight: 400;\"> (IMF) and <\/span><b>World Bank<\/b> <span style=\"font-weight: 400;\">established in 1999.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is a comprehensive and in-depth assessment of a <\/span><b>country\u2019s financial sector<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">FSAPs in advanced economies are conducted with a focus on <\/span><b>assessing the resilience of the financial sector,<\/b><span style=\"font-weight: 400;\"> the quality of the <\/span><b>regulatory<\/b><span style=\"font-weight: 400;\"> and <\/span><b>supervisory framework<\/b><span style=\"font-weight: 400;\">, and the capacity to manage and <\/span><b>resolve financial crises.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b>Source:<\/b> <strong><a href=\"https:\/\/www.thehindu.com\/business\/wb-asks-india-to-provide-further-impetus-to-financial-sector-reforms-to-achieve-2027-vision\/article70253521.ece\" target=\"_blank\" rel=\"nofollow noopener\">TH<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Financial Sector Assessment (FSA) Report was published by the World Bank. Read more about Financial Sector Assessment (FSA) Report, Key Highlights, Latest News.<\/p>\n","protected":false},"author":24,"featured_media":72771,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[3634,246,21,23],"class_list":{"0":"post-72701","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-financial-sector-assessment-fsa-report","9":"tag-prelims-current-affairs","10":"tag-prelims-pointers","11":"tag-upsc-prelims-current-affairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/72701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=72701"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/72701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/72771"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=72701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=72701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=72701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}