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The RBS was introduced in 2012 on the recommendation of the KC Chakrabarty Committee. It is based on a supervisory analysis of probability of failure of a bank and the likely Impact of its failure on the banking/financial system. RBS system’s objective is to ensure financial stability and customer protection, along with protection of depositors’ interests and ensuring the financial health of individual banks/FI. It involves continuous data analysis, risk control and capital compliance assessment, assessment of probability of failure and impact assessment, supervisory stance and action plan in form of prompt corrective action. Unlike CAMELS approach, which is an evaluation technique for a point in time analysis, RBS is a continuous monitoring mechanism and RBI has shifted monitoring of banks to the RBS system.
Who was the first female Chief Secretary of Maharashtra appointed in July 2024?
Luiz Inacio Lula da Silva became President of which country?
Who among the following had written Kitab-ul-Hind that gave an incisive description of early 11th Century India?
N Biren Singh took oath as Manipur's Chief Minister for a second term. He became the ______ Chief Minister of the state.
Which Indian state will host the FIH Hockey Men's Junior World Cup in December 2025?
A funding of $122 million to the top three Indian medical research institutions has recently been announced by which country?
The Reserve Bank of India (RBI) has asked banks and financial institutions to adopt by _______ a widely accepted Alternative Reference Rate, such as the...
Who was appointed as the chairperson of the Pension Fund Regulatory & Development Authority (PFRDA)?
Which of the three countries will be hosting the FIFA World Cup 2026?
Which Indian town, established by Rabindranath Tagore and known as the "abode of peace," has been included in UNESCO's World Heritage List?