RBI undertakes quantitative study of banks

Reserve Bank of India has undertaken a study covering all banks in the country to finalise a policy approach for the proposed new Basel Capital Accord so that external perception about India conforming to the best international standards ‘is positive’. The apex bank has specially designed a workbook to be filled in by the banks for this quantitative impact study, RBI said in a notification here on Sunday.

It added that the report should be submitted on or before June 30, 2003. The Basel Committee on Banking Supervision has been engaged in revision to the capital accord of 1988.