| |
| Rediff India Abroad Home | All the sections | |
|
|
Basel-II norms: Banks get more time October 31, 2006 13:43 IST Last Updated: October 31, 2006 14:00 IST In its mid-term review of Annual Policy for FY07, RBI said that this relates to standardised approach for credit risk and the basic indicator approach for operation risk under Basel II. More time has been given to other scheduled commercial banks "taking into account the state of preparedness of the banking system," the RBI said. This will provide banks some more time to put in place appropriate systems so as to ensure full compliance of Basel II. However, the apex bank had earlier intended the date to be March 31, 2007. Basel-II norms stipulate banks to assess risks -- credit, market and operations risks -- and make higher provisioning for covering these risks. Monetary and Credit Policy 2006-07: Complete Coverage
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
