30 Banks Shifting to Risk-Based Supervision

30 banks shifting to risk-based supervision.

Thirty large banks in India have informed the Reserve Bank of India (RBI),RBI-Reserve Bank of India the central banking authority in India, that they are ready to switch to the new uniform risk-based supervision system from April 1, 2013.

This system will enable them to assess their risks on a real-time basis. It will also bring in a uniform methodology to check the health of the banking system, as against the presently used CAMELS framework which follows a compliance based and transaction-testing approach. The new system will bring banking supervision in India on par with the best practices in the world.

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