The Financial Stability Report (FSR) 2024, recently seen in the news, is published by:

The correct answer is option 4.

In News

• The Reserve Bank of India (RBI) released the Financial Stability Report (FSR) 2024, highlighting concerns about the rising household debt-to-GDP ratio and the increase in unsecured consumer loans.

Key Points

• The FSR is a biannual report published by the RBI, assessing risks to financial stability, banking sector resilience, and macroeconomic trends.
  • Hence, option 4 is correct.  
• The 2024 report notes a rise in household debt from 36.6% of GDP in June 2021 to 42.9% in June 2024, raising concerns about increasing consumer credit dependence.
• It covers various financial sectors, including banking, non-banking financial companies (NBFCs), capital markets, and external risks.

Additional Information

• The FSR is prepared by the RBI's FSDC Sub-committee.
• The FSDC Sub-committee has been set up under the chairmanship of Governor, RBI.
• It meets more often than the full Council. All the members of the FSDC are also the members of  the Sub-committee.
• Additionally, all four Deputy Governors of the RBI and Additional Secretary, DEA, in charge of FSDC, are also members of the Sub Committee.
• It plays a crucial role in monitoring financial risks and ensuring policy measures to maintain economic stability.