30 banks to switch to risk-based supervision

The new system will bring in uniform methodology to check health of the banking system

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Press Trust Of India
Last Updated : Mar 22 2013 | 2:31 AM IST
Thirty large banks have informed the Reserve Bank of India they are ready to switch to the new uniform risk-based supervision system from April 1, which will enable them to assess their risks on a real-time basis. The new system will bring in a uniform methodology to check the health of the banking system, as against the CAMESL framework used at present which follows a compliance-based and transaction-testing approach.

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First Published: Mar 22 2013 | 12:45 AM IST

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