The Reserve Bank of India today released its Annual Report for 2011-12, a statutory Report of the Central Board of the Reserve Bank. It covers (i) the assessment of the macroeconomic performance during 2011-12 and the prospects for 2012-13, and (ii) the working and operations of the Reserve Bank and its financial accounts for the year 2011-12.
Highlights of the Report:
Assessment for 2011-12
Prospects for 2012-13
Need to address twin deficits to contain risk to macro-financial stability
Medium-term Challenges for the Indian Economy
Key to improving growth lies in addressing medium-term challenges. Three illustrative medium-term challenges highlighted in the Report are:
(i) Preserving India’s growth story through revival of infrastructure investments.
(ii) Strengthening banking soundness through Basel III.
(iii) Financial inclusion, led by the Reserve Bank policies with a human face.
Money and Credit
Working and Operations of the Reserve Bank of India
Monetary Policy Operations
Credit Delivery and Financial Inclusion
Development and Regulation of Financial Markets
Regulation, Supervision and Financial Stability
Public Debt Management
Payment and Settlement Systems and Information Technology
Governance, Human Resource Development and Organisational Management
The Reserve Bank’s Accounts for 2011-12 (July-June)