India needs to give further impetus to financial sector reforms and boost private capital mobilisation to become a USD 30-trillion economy by 2047, according to a World Bank report.
The World Bank’s Financial Sector Assessment (FSA) report has acknowledged that India’s ‘world class’ digital public infrastructure and government programmes have significantly improved access to a wider range of financial services for men and women.
It has also made suggestions to further boost account usage, especially for women, and to facilitate access to wider range of financial products for individuals and MSMEs.
The Financial Sector Assessment Program (FSAP), a joint programme of the International Monetary Fund (IMF) and the World Bank (WB), undertakes a comprehensive and in-depth analysis of a country’s financial sector.
Since September 2010, the exercise has become mandatory for jurisdictions with systemically important financial sectors.
Currently, it is mandatory for 32 jurisdictions, includ​India needs to give further impetus to financial sector reforms and boost private capital mobilisation to become a USD 30-trillion economy by 2047, according to a World Bank report.
The World Bank’s Financial Sector Assessment (FSA) report has acknowledged that India’s ‘world class’ digital public infrastructure and government programmes have significantly improved access to a wider range of financial services for men and women.
It has also made suggestions to further boost account usage, especially for women, and to facilitate access to wider range of financial products for individuals and MSMEs.
The Financial Sector Assessment Program (FSAP), a joint programme of the International Monetary Fund (IMF) and the World Bank (WB), undertakes a comprehensive and in-depth analysis of a country’s financial sector.
Since September 2010, the exercise has become mandatory for jurisdictions with systemically important financial sectors.
Currently, it is mandatory for 32 jurisdictions, includ ​Latest News [ SOBAN NEWS: International and National ]
