Macroprudential analysis emerged as a crucial tool employed by central banks worldwide to assess the overall health of the financial sector, particularly banks.
The SARFAESI (Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest) Act, 2002, was designed to tackle the issue of NPAs (Non-Performing Assets) or bad assets.
The Financial Stability and Development Council (FSDC) was established in 2010 to address the need for coordinated efforts among various financial regulators in India.
The Reserve Bank of India (RBI) stands as the apex monetary authority in the Indian financial system, wielding significant influence over the nation's economic policies and regulations