In India, one important initiative being taken by the Reserve Bank is the phased migration to a Risk Based Supervision model, which seeks to address several of the present concerns regarding the supervisor’s and banks’ ability to identify and manage the key risks in banks’ operations.
Therefore, today I would like to share my thoughts on the Risk Based Supervision (RBS) that we are rolling out for select banks from the current supervisory cycle. I hope that we would be able to count on all of you to work towards ensuring that your respective organizations are fully geared up for the successful launch of this initiative.