Resources for Basel II Capital Accord (Basel II)
Basel II comes into play on banks
www.telegraphindia.com Several frontline banks will be gearing up to face the challenge of conforming to tougher global banking standards from Monday under Basel II.
Basel II, which was conceived in June 2004, seeks to create an international standard that banking regulators can use to determine how much capital banks should set aside to cover their operational and financial risks.
The Basel II standards require banks to allocate capital in different proportions against various risks.
The Reserve Bank of India has decided to implement the new standards in phases. Domestic banks which have branches overseas will have to comply with the new capital adequacy standards by March 31.
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