Publication: Financial Sector Assessment Program Update : India - Basel Core Principles for Effective Banking Supervision
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2013-08
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2013-10-01
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The Reserve Bank of India (RBI) 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, a conservative liquidity risk policy and restrictions on banks' capacity to take on more volatile exposures. The Indian banking system remained largely stable during the global financial crisis. Since then, the government of India and RBI has taken additional measures to enhance the soundness and resilience of the banking system, such as the establishment of a Financial Stability and Development Council (FSDC), the implementation of a countercyclical provisioning regime, and the development of a roadmap for the introduction of a holding company structure.
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“International Monetary Fund; World Bank. 2013. Financial Sector Assessment Program Update : India - Basel Core Principles for Effective Banking Supervision. Financial Sector Assessment Program (FSAP);. © World Bank. http://hdl.handle.net/10986/15959 License: CC BY 3.0 IGO.”
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Publication India : Basel Core Principles for Effective Banking Supervision(World Bank, Washington, DC, 2013-08)The Reserve Bank of India (RBI) 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, a conservative liquidity risk policy and restrictions on banks' capacity to take on more volatile exposures. The Indian banking system remained largely stable during the global financial crisis. 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