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Mumbai, Aug 29: The Reserve Bank of India (RBI) will keep on strengthening its regulatory and supervisory framework to ensure a sound, efficient and vibrant financial system in India. Basel II implementation will need more capital because of the fact that Basel I could not capture operational risk.
According to the annual report released on Monday, RBI will emphasise on supervisory capacity building measure so as to identify the gaps and also to quantify the amount of additional capital, which may be required to be maintained. In order to recognise significance of competition, consolidation and risk management techniques RBI will proceed to emphasis on corporate governance and financial inclusion.
Initiatives taken by RBI on regulatory and supervisory level have lead emergence of Indian banking system as a well-capitalised financial system with low level of loan delinquency.Domestic financial markets have been functioning smoothly.
Ability of financial intermediaries to deal in various segments of the market have been improving at great pace, observed RBI.As an empirical investigation carried out in Indian context suggests that CRR, bank rate, reverse repo rate cause changes in the call rates, government securities yield and forward premia.
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