The RBI released its Financial Stability Report (FSR) on January 2, 2026.
FSR is a biannual publication issued in June and December, with inputs from the Financial Stability and Development Council (FSDC) sub-committee.
The report noted that India’s sovereign debt is sustainable, supported by an S&P rating upgrade to 'BBB'.
Scheduled Commercial Banks (SCBs) maintain strong capital buffers, and the Gross Non-Performing Assets (GNPA) ratio declined to 2.2% by September 2025.
Lending in the fintech sector grew by 36.1%, while foreign-currency stablecoins could affect India’s monetary policy.
The report highlighted depreciation of the Indian rupee against the US dollar due to trade and capital flow factors.