3  Discussion Paper on “Banking Structure in India – The Way Forward” released by Reserve Bank of India on August 27, 2013 and accessed from http://rbi.org.in/Scripts/PublicationReportDetails.aspx?ID=713. BIS central bankers’ speeches  3  detailed road map of the necessary reforms and regulations for freeing entry and making the licensing process more frequent after we get comments from stakeholders. 14.
Although one cannot deny that a significant amount of these costs result from the need for regulatory compliance to the new framework, an equally large part are the result of improvements in credit risk and operational risk management systems that would have been introduced even in the absence of Basel II.