profit shock, could double the amount of debt-at-risk held by non-SME firms and; (iii) exchange rate shocks appear manageable … given low FX debt and natural FX hedges. Under a downside macro-financial stress test scenario, non-SME credit losses would … total a touch over 2 percent of GDP. Bank stress tests suggest that the maximum cumulative bank losses from distressed SME …

developments in financial inclusion for individuals and enterprises (SME finance), retail payments and provides recommendations for … accounts and use cases, as well as SME policy, credit infrastructure, economic empowerment funds and consumer protection and …

This paper discusses outlook and risk related to the economic development of India. The Indian economy is on a recovery … India's growth potential. Notwithstanding the cyclical pickup, medium-term growth continues to be constrained by supply …

, and other structural policies. This paper evaluates the build-up of corporate and banking sector vulnerabilities in India …, scope, and the effectiveness of macroprudential policies in India; the potential costs and benefits of gold monetization … schemes in India; two recent episodes of financial market volatility-the taper tantrum of the summer of 2013 and the China …