2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IDBI
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Axis
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SBI
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HDFC
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Detailed explanation-1: -RBI voluntarily adopted capital adequacy regulations in April 1992 for the Indian banking sector, thus complying with the best practices of Basel I norms recommended by BCBS in 1988. These capital adequacy norms were revised to Basel II and subsequently upgraded to Basel III.
Detailed explanation-2: -Basel III is an internationally agreed set of measures developed by the Basel Committee on Banking Supervision in response to the financial crisis of 2007-09. The measures aim to strengthen the regulation, supervision and risk management of banks.
Detailed explanation-3: -Following a one-year deferral to increase the operational capacity of banks and supervisors to respond to COVID-19, these reforms will take effect from 1 January 2023 and will be phased in over five years. The FSB has designated Basel III as one of the priority areas for implementation monitoring.