Private banks and SFB 'Completeness' score fell on RBI's Data Quality Index

Reserve Bank of India

Private banks and Small Finance Banks have seen a reduction in score on 'Completeness' front under the Supervisory Data Quality Index (sDQI) in March 2025, according to the Reserve Bank of India’s (RBI) data.

The RBI has created a Supervisory Data Quality Index (sDQI) that measures data quality in terms of the Accuracy, Timeliness, Completeness and Consistency in the submission of returns. The objective of sDQI is to assess the adherence to the principles.

Within the completeness category, private banks have seen major reduction in score by 0.8 points to 98.9 in March 2025, from 99.7 in March 2024. This is followed by 0.7 points reduction of score of small finance banks to 98.9 in March 2025, from 99.6 in March 2024.

Public sector banks and foreign banks’ score on completeness terms fell 0.2 and 0.1, respectively.
The dimension of 'Completeness' assigns scores based on the data submitted in each return and the number of returns submitted, RBI said.

The completeness score of all schedule commercial banks fell 0.4 in March 2025 for the schedule commercial banks.

The score in timeliness has increased sharply on back of sharp increase in score of foreign banks by 4.7 points to 90.9 in March 2025, from 86.2 in March 2024. On the accuracy front, the increase in score by 2 of private banks to 87.5 in March 2025, has helped the overall score of SCBs to increase by 0.6. On the accuracy, consistency, and timeliness front, schedule commercial banks have seen an improvement of 0.6-2.3. All the banks on the consistency front have seen an uptick in score in March 2025, RBI data showed.

The dimension of 'Accuracy' assigns scores based on the accuracy of the data submitted in each return by each bank. The 'Timeliness' assessment is based on the timeline for the concerned return, and Consistency checks for the consistent accuracy of data for the previous quarters.

The overall sDQI score of Scheduled Commercial Banks (SCBs) has improved in March 2025 to 89.3, as compared to 88.6 in March 2024, RBI release showed.

The sDQI for SCBs covers 87 SCBs and their key returns (viz. 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), Central Repository of Information on Large Credits (CRILC) – Main), RBI release added.