India: Financial Sector Assessment Program-Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision
IMF Staff Country Reports, January 19, 2018
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- India: Financial Sector Assessment Program-Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision
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Bibliographic details
- Published: January 19, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484337080.002
Executive summary and key findings
- The report evaluates the Observance of the Basel Core Principles for Effective Banking Supervision in India.
- Supervision and regulation by the Reserve Bank of India 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.
- Most of the Basel III framework has been implemented.
- Cooperation arrangements, both domestically and cross-border, are now firmly in place.
- The system-wide asset quality review and the strengthening of prudential regulations in 2015 testify to the authorities’ commitment to transparency and a more accurate recognition of banking risks.
Thematic areas covered
- Bank supervision
- Banking and commercial banks
- Credit risk and Market risk
- Operational risk
- Stress testing
- Financial regulation and supervision
- Financial sector policy and analysis
Notable methodologies and institutional developments
- Implementation of a risk-based supervisory approach supported by a complex supervisory assessment framework.
- System-wide asset quality review conducted (date context: led to strengthened prudential regulations in 2015).
- Broad adoption of Basel III elements within the Indian banking regulatory framework.
- Established cooperation arrangements for supervisory coordination domestically and across borders.
Publication and document metadata
- Publication title: India: Financial Sector Assessment Program-Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision
- Publication date: January 19, 2018
- Series: Country Report No. 2018/004
- Issue: 004
- Volume: 2018
- Pages: 199
- DOI: https://doi.org/10.5089/9781484337080.002
- Stock No: 1INDEA2018001
- ISBN: 9781484337080
- ISSN: 1934-7685
International Monetary Fund. Monetary and Capital Markets Department "India: Financial Sector Assessment Program-Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision", IMF Staff Country Reports 2018, 004 (2018).
Content in this bundle
- Country Report