The second round of SRP was directed to analyse banks’ exposure to sensitive sectors and identify outliers. Based on the analyses of these outlier banks, guidelines were issued to all banks indicating the need for better risk management systems in banks at operating levels. In brief, in India the focus is on regulatory comfort, going beyond regulatory compliance.
This is in line with the 7th Statistical Commission recommendation for a transition from manual to digital systems and use of improved methods and new technologies to increase the reliability and accessibility of census products and other statistics in a timely manner.