India : Financial Sector Assessment Program-Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

January 19, 2018

Electronic Access:

Free Full Text (PDF file size is 1544 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The RBI is to be commended for the remarkable progress in strengthening banking supervision since the last FSAP. Supervision and regulation by the RBI remain strong and have improved in recent years. A key achievement is implementation of a risk-based supervisory approach that uses a complex supervisory assessment framework to guide the intensity of supervisory actions and the allocation of supervisory resources. Also, most of the Basel III framework (and related guidance) has been implemented and cooperation arrangements, both domestically and cross-border, are now firmly in place. The system-wide asset quality review (AQR) and the strengthening of prudential regulations in 2015 testify to the authorities’ commitment to transparency and a more accurate recognition of banking risks.

Series:

Country Report No. 18/4

Subject:

English

Publication Date:

January 19, 2018

ISBN/ISSN:

9781484337080/1934-7685

Stock No:

1INDEA2018001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

199

Please address any questions about this title to publications@imf.org