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India: Financial Sector Assessment Program—Detailed Assessments Report on Basel Core Principles for Effective Banking Supervision
Author:
International Monetary Fund. Monetary and Capital Markets Department
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2013: Issue 267
Language:
English
Publication Date:
29 Aug 2013
DOI:
https://doi.org/10.5089/9781484339787.002
ISBN:
9781484339787
ISSN:
1934-7685
Pages:
87
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund