More Stories

Informist, Wednesday, Jun. 18, 2025

NEW DELHI - Banks saw an improvement in accuracy, timeliness, and consistency in the submission of returns in March, the Reserve Bank of India's supervisory data quality index showed. The overall index rose to 89.3 in March from 88.6 a year ago, with improvements in three of the four parameters. The score on completeness of returns fell to 95.8 in March from 96.2 in the previous year.

The RBI has created a supervisory data quality index that measures data quality in terms of the accuracy, timeliness, completeness and consistency in the submission of returns. The objective of the index is to assess the adherence to RBI's principles on filing of supervisory returns.

The index covers 87 scheduled commercial banks and their key returns, including return on asset liability and off-balance sheet exposures, return on asset quality, return on operating results, risk-based supervision return, liquidity return, return on capital adequacy, and central repository of information on large credits.

Small finance banks had the highest overall score of 90.6 in March, while public sector banks had the lowest score of 88.8, even as lenders in both sectors had lower scores than March 2024. Private sector banks and foreign banks performed better this year with scores of 89.6 and 89.1, respectively. In March 2024, private sector banks' score was 88.9, while foreign banks had scored 87.6.

Private sector banks had the highest accuracy score of 87.5 in March, with public sector banks leading the pack in terms of completeness. Small finance banks had the highest scores in timeliness and consistency.

Of the 87 banks covered in the index, 42 had scores of above 90, while 44 lenders scored between 80 and 90 in March. Only 1 bank had a score between 70 and 80. A score of above 90 is considered good, while a score between 80 and 90 is acceptable, the RBI said. A score between 70 and 80 means improvement is required, while less than 70 signals major concerns.

The overall supervisory data quality index score has risen since March 2024. The score was 89.0 in December. Within the four parameters, timeliness and accuracy scores have seen consistent improvement over the last few reporting months, while completeness and consistency have seen more mixed trends.  End

Reported by Shubham Rana

Edited by Tanima Banerjee

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.