March 2025 Rankings Drop: Which Banks Are Winning RBI’s Trust?

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Reserve Bank of India (RBI) has released its Supervisory Data Quality Index (SDQI) of Scheduled Commercial Banks (SCBs) up to March 2025, which captures the quality of bank reporting of critical regulatory data. SDQI scores banks on the basis of timeliness, completeness, and accuracy of data submission—pillars of effective supervision and policy making.

Key Highlights:

Top Performers: The topperforming banks were the big private sector lenders and some PSBs, with the scores above 90% on the three indicators.
Lagging Behind: There were filing delays and data format disparities in certain regional and midsized banks, which led RBI to release advisory notes.
Scoring Criteria: The index ranks banks on three bases—timeliness (40%), completeness (30%), and accuracy (30%).
Purpose: SDQI will improve supervisory information quality utilized by RBI in riskbased supervision and early warning systems.
New Features: The index, for the very first time, includes a peer comparison dashboard and quarterly trend analysis to allow banks to compare performance.

The RBI stressed that reliable data is not just a compliance necessity but a strategic tool in systemic risk management. Banks that have consistently low scores can expect increased supervision or supervisory action.

This quarterly index is part of RBI's broader strategy of dataled regulation, especially with digital banking and fintech partnerships making financial activity more complicated.

Source: Reserve Bank of India, Economic Times, Business Standard