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 Money & Banking - Standards & Benchmarks
‘All banks are Basel-II compliant’

New Delhi, April 21

All commercial banks were Basel-II compliant as on March 31, 2009, the Reserve Bank of India said. Initially the base approach of the Basel II framework had been adopted, the central bank said. As for the advanced approach to the Basel-II framework, the RBI said it had placed on its Web site a draft circular giving an indicative timeframe for implementation. The enhancement to current Basel-II framework by the international standard setting bodies will be considered for im plementation as appropriate, according to the RBI. These have been mentioned in an annexure, forming part of the annual policy statement, that spells out the Reserve Bank’s status on the recommendations of the G 20 working group on “Enhancing Sound Regulation and strengthening transparency”.

— Our Bureau

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