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The RBS was introduced in 2012 on the recommendation of the KC Chakrabarty Committee. It is based on a supervisory analysis of probability of failure of a bank and the likely Impact of its failure on the banking/financial system. RBS system’s objective is to ensure financial stability and customer protection, along with protection of depositors’ interests and ensuring the financial health of individual banks/FI. It involves continuous data analysis, risk control and capital compliance assessment, assessment of probability of failure and impact assessment, supervisory stance and action plan in form of prompt corrective action. Unlike CAMELS approach, which is an evaluation technique for a point in time analysis, RBS is a continuous monitoring mechanism and RBI has shifted monitoring of banks to the RBS system.
In India, RBI gives permission to an entity to act as authorized dealers (AD) in foreign exchange. Commercial Banks fall under which category of ADs?...
Which of the following ratios can help compare the operational efficiency of different entities?
The right but not the obligation to sell the underlying asset is called ________
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What does first ‘P’ in the security instrument PNCPS, stand for?
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What was the revised economic growth forecast for India by the World Bank for FY 2024-25?
Which of the following can be used for risk shifting?
