RBI Reports Improved Data Quality Ratings for Banks in March 2025

The Reserve Bank of India (RBI) has unveiled the Supervisory Data Quality Index (sDQI) for Scheduled Commercial Banks (SCBs) for the quarter ending March 2025. This index evaluates data quality based on aspects such as accuracy, timeliness, completeness, and consistency in return submissions.

The primary objective of the sDQI is to evaluate compliance with the Master Direction on Filing of Supervisory Returns, 2024. The aggregate sDQI score for SCBs has risen to 89.3 in March 2025, an increase from 88.6 in March 2024.

Public sector banks recorded a score of 88.8, slightly down from 89.2 a year prior. In contrast, private sector banks saw an improvement, with their score increasing to 89.6 from 88.9. Foreign banks achieved a score of 89.1, up from 87.6. Small finance banks reported a score of 90.6, compared to 91.0 in March 2024.
The sDQI encompasses 87 SCBs and their crucial returns, including Return on Asset Liability and Off-Balance Sheet Exposures (ALE), Return on Asset Quality (RAQ), Return on Operating Results (ROR), Risk Based Supervision Return (RBS), Liquidity Return (LR), Return on Capital Adequacy (RCA), and Central Repository of Information on Large Credits (CRILC) – Main.

The RBI has also released a comprehensive methodological paper regarding the sDQI.

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