‘Basel III Accord’ or simply ‘Basel III’, often seen in the news, seeks to -
Detailed Explanation:
Basel III is a set of international banking regulations developed by the Basel Committee on Banking Supervision (BCBS) in response to the 2007-2008 financial crisis.
It strengthens the banking sector's resilience through higher capital adequacy requirements, enhanced liquidity standards (Liquidity Coverage Ratio and Net Stable Funding Ratio), and improved risk management frameworks to absorb financial shocks.
Question 3 of 4 Banking Reforms
Practice PYQ questions from this topic across all years
With reference to the governance of public sector banking in India, consider the foll...
The basic aim of the Lead Bank Scheme is that: