Resources for Basel II Capital Accord (Basel II)

Basel II norms could pave a sound banking system

economictimes.indiatimes.com

Basel II recommendations for their refined classifications now command an important place in the policies of Indian banks aiming to flourish in the global market. These recommendations are aimed at protecting the international financial system. Basel II entails forming rigorous risk and capital management systems designed to ascertain that a bank holds capital reserves appropriate to its related risks.

Thus, it is imperative that a robust risk management system like Basel II should be given its due in today's Indian banking scenario. This is essential if Indian banks are to scale up with the ever-changing economic trends and secure a competitive edge in the global market.

True, there are limitations that banks face while implementing Basel II. These include siloed technology, scarcity of skilled resources and limited scope of few rating agencies. In addition, there are cost limitations involved.

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