The Hindu Business Line : Basel II: Indian Bank deploys CRISIL solution

Indian Bank on Tuesday announced that it had implemented a risk management system customised by CRISIL to compute regulatory capital for March 31, 2008 as per RBI guidelines for Basel II compliance.

The software provided by CRISIL Risk Solutions, a division of CRISIL’s 100 per cent subsidiary CRISIL Risk & Infrastructure Solutions Ltd, comprises an advanced suite for operational risk management, calculation of capital as per Basel II gu idelines, a module for internal rating and a solution for economic capital calculation.

Mr Chandru Badrinarayanan, Director, Business Development, CRISIL Risk Solutions, said the solution would help calculate capital requirements quickly and more accurately for the bank. He said that the advantage in this system was that it would help the bank convince both auditors and regulators about its compliance with Basel-II rules. Besides, it also had some MIS features that would help the bank get more detailed information on where its capital was deployed and which accounts were eating more of the capital. This information could be used for better pricing of loans, he said.

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