The finance ministry has welcomed the World Bank’s Financial Sector Assessment (FSA) Report, an exercise mandatory every five years for systemically important jurisdictions like India.

The report, released on October 30, 2025, affirms that India’s financial system has grown significantly more resilient, diversified, and inclusive since the 2017 FSAP, crediting bold reforms for enabling swift recovery from the 2010s stress episodes and the pandemic.

The World Bank recognised India’s strengthened banking and NBFC regulation—expanded oversight of cooperative banks, tighter prudential norms, and scale-based NBFC frameworks that respect sectoral diversity.

The report’s endorsement of robust securities market supervision, bolstered by collateral enhancements, sustainable finance framework

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