RBI’s Supervisory Data Quality Index (sDQI) Improves in June 2025

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RBI’s Supervisory Data Quality Index (sDQI) Improves in June 2025

Source: Economic Times

Context:

The Reserve Bank of India (RBI) reported a steady improvement in the Supervisory Data Quality Index (sDQI), which evaluates the quality of data submitted by Scheduled Commercial Banks (SCBs).

Key Highlights:

• Index Score: Improved to 89.9 (June 2025) from 89.3 (March 2025).
• Coverage: 87 Scheduled Commercial Banks.
• Parameters Assessed:
  1. Accuracy
  2. Timeliness
  3. Completeness
  4. Consistency
• Supervisory returns assessed include asset quality, liquidity, capital adequacy, and risk-based supervision.
• No bank scored below 80, showing improvement across the sector.
• Small Finance Banks (SFBs): Improved slightly from 90.6 (March 2025) to 90.7 (June 2025).

Significance

• Strengthens regulatory compliance and data governance.
• Helps RBI in risk-based supervision and financial stability monitoring.
• Ensures reliable and timely data for policy decisions.

About sDQI

• Introduced by RBI: To benchmark quality of supervisory data submissions.
• Objective: Improve accuracy and timeliness of reporting by banks.
• Importance: Critical for detecting risks early in the financial system.