<h1>IMF and World Bank Praise India's Banking Reforms and Regulatory Improvements in 2017 Financial Sector Assessment Reports.</h1> The International Monetary Fund (IMF) and the World Bank released two Detailed Assessment Reports (DARs) as part of the 2017 India Financial Sector Assessment Program. The reports evaluate India's adherence to Basel Core Principles for banking supervision and the Clearing Corporation of India Limited's central counterparty and trade repository. The IMF and World Bank commend India's Reserve Bank for its strengthened banking supervision and regulatory improvements. The reports highlight the implementation of risk-based supervision, liquidity coverage, and large exposure limits. Banking reforms, including the Indradhanush Plan, have enhanced transparency and discipline, addressing bad loan issues and under-capitalization in public sector banks.