RBI’s Chakrabarty fleshes out plans for risk-based supervision in India
Kamalesh Chandra Chakrabarty, a deputy governor of the Reserve Bank of India (RBI), has set out key elements of the central bank's move towards a risk-based approach to supervision.
At a conference of banks' non-executive directors, Chakrabarty said the RBI is currently working on a "phased migration" to a risk-based approach. He identified a number of pre-requisites for the approach to work, including ensuring banks have effective internal systems, pricing products on the basis of risk and the
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