According to a report, the total value of assets held by India´s financial institutions touched $2.8 trillion, the third largest among BRICS nations, in 2013. China´s financial institutions held assets to the tune of $34.43 trillion last year, the Financial Stability Board (FSB) has said. As per the figures compiled by the FSB, the value of assets of financial institutions in India touched $2.79 trillion last year.
After China, among BRICS nations, Brazil is at the second spot with such assets worth $4.91 trillion. Russia´s financial institutions held assets to the tune of $2.75 trillion while that of South Africa touched $1.06 trillion. In the case of India, the total value of assets held by financial institutions in 2013 was the lowest as compared to the preceding two years. In 2012, the same stood at $2.90 trillion which was higher than $2.83 trillion recorded in 2011.
The figures may differ from similar statistics published by national/regional authorities.