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

International Monetary Fund

No 2013/267, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; banking company; risk management; banking group; interest rate; RBI examiner; senior management; business strategy; managing director; legal power; credit risk; board of directors; internal audit; Bank supervision; Commercial banks; Market risk; Operational risk; Capital adequacy requirements; Global (search for similar items in EconPapers)
Pages: 87
Date: 2013-08-29
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