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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.
Which country has agreed to import 500,000 tonnes of wheat from India?
The Prime Minister launched the Website and Mobile App “Samaveshi Vikaas” in the event organized to celebrate National Panchayati Raj Day in ______....
Under the “Economic Assistance Scheme”, India delivered almost 50 buses to which of these countries on its 75th Independence Day?
Prime Minister Shri Narendra Modi address the ____ Indian Science Congress (ISC) on 3rd January, 2023 at 10:30 AM via video conferencing.
Which award did ProPublica win in the 2024 Pulitzer Prizes for Journalism?
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