India: Financial Sector Assessment Program—Detailed Assessments Report on Basel Core Principles for Effective Banking Supervision

August 29, 2013

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Format: Chicago

India: Financial Sector Assessment Program—Detailed Assessments Report on Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2013) accessed September 19, 2024

Summary

This paper discusses the findings of the assessments on Basel Core Principles for Effective Banking Supervision in India. The Reserve Bank of India is to be commended for its tightly controlled regulatory and supervisory regime, consisting of higher than minimum capital requirements; frequent, hands-on, and comprehensive onsite inspections; and a conservative liquidity risk policy and restrictions on banks’ capacity to take on more volatile exposures. Despite this strong performance, several gaps and constraints in the implementation of the regulatory and supervision framework remain. The most significant gaps are in the area of international and, to a lesser extent, domestic supervisory information sharing and cooperation.

Subject: Bank supervision, Banking, Capital adequacy requirements, Commercial banks, Financial institutions, Financial regulation and supervision, Market risk, Operational risk

Keywords: Bank supervision, Banking company, Banking group, Board of directors, Business strategy, Capital adequacy requirements, Commercial banks, CR, Credit risk, Global, Interest rate, Internal audit, ISCR, Legal power, Managing director, Market risk, Operational risk, RBI examiner, Risk management, Senior management

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/267
Stock No:

1INDEA2013005
ISBN:

9781484339787
ISSN:

1934-7685

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