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Final guidelines on Basel-II issued
Special Correspondent
CHENNAI:
The Reserve Bank of India on Friday issued the final and elaborate prudential guidelines on "capital adequacy and market discipline" for implementation of Basel-II capital adequacy framework, as indicated by the RBI Governor onTuesday.
The guidelines, which have taken into account feedback received from stakeholders on two drafts issued by the apex bank in February 2005 and March this year, cover areas including capital funds, credit charge for credit risk, risk mitigation and capital charge for market risk and operational risk. Foreign banks operating in India and Indian banks having operational presence outside India should adopt the standardised approach (SA) for credit risk and basic indicator approach (BIA) for operational risk under the revised framework with effect from March 31, 2008.
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