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30 Banks To Switch To Risk-Based Supervision From 1 April - Print View - Livemint
30 Banks To Switch To Risk-Based Supervision From 1 April - Print View - Livemint
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Thu, Mar 21 2013. 09 26 PM IST
The new system will bring the banking supervision practices in India at par with the best practices in the world. Photo: Pradeep Gaur/Mint
We discussed how the risk-based supervision would shape up, State Bank of India chairman Pratip Chaudhuri said. When asked about the changes the banks will have to bring following the implementation of the new system, Kamath said, there are many ambiguities today with banks reporting so many things with their own definitions. The idea is to see that you have one uniform norm through which everybody can report. Other bank chiefs who participated in the meeting include S.S. Mundhra of Bank of Baroda, Ajai Kumar of Corporation Bank, Shyam Srinivasan of Federal Bank, ICICI Bank head Chandra Kochhar, HDFC Banks Aditya Puri, B.A. Prabhakar from Andhra Bank and French lender BNP Paribas Jacques Michel, among others. The CAMELS (capital adequacy, asset quality, management, earnings, liquidity and sensitivity to financial risks) framework was developed in the early 1970s by the US Fed to assess the health of a bank.
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