It further reached the peak of 11.5 per cent in March 2018. Recent supervisory data suggests that various efforts made by the Reserve Bank in strengthening its regulatory and supervisory framework and the resolution mechanism instituted through Insolvency and Bankruptcy Code (IBC) are bearing fruit.
In fact, Basel II is expected to create a whole range of positive spinoffs. Among others, it will help put in place a wider framework for supervision and regulation to be conducted on a consolidated basis.