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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.
The National Food Security Act (NFSA) 2013, which was passed on July 5, 2013, represents a paradigm shift in the aspect of food security, moving away ...
PM Garib Kalyan Anna Yojana is an initiative by the government of India to offer free food grains to migrants and the underprivileged.What is the tenur...
Which of the following Statements is/are True?
I- Competition Commission of India (CCI) is a statutory body of the Government of India.
II...
The Protection of Children from Sexual Offences (POCSO) Act was enacted _____________.
Recently Government of India took some initiatives to imperove Sex ratioin the country. Sex Ratio has increased to 937 in 2020-21 from ___ in 2014-15?
The Annual Financial Statement presented to the Parliament shows Receipts and Payments for which of the following account/s of Union Government?
<...What is meant by Tax haven?
Under the Recognition of Prior Learning (RPL) component, artisans will receive a stipend of:
National Dairy Research Institute is one of the premier institutes in the dairy sector, which has contributed a lot in the growth of the dairy industry ...
Who chairs the Regional Councils formed by NITI Aayog to address specific regional issues?