Question
To mitigate concerns relating to model risk and
significant variability in expected credit loss models, the Discussion Paper proposes the following mitigants, EXCEPT:Solution
Allowing banks to use any internal assessment without validation Explanation: The Discussion Paper proposes independent validation of expected credit loss models to verify compliance with RBI guidance, sound reasoning, calibrated use of relevant data, proper back-testing, and internal validation to remove bias. This is to mitigate concerns relating to model risk and variability.
Which Indian bank recently merged with HDFC, impacting the RBI's bank deposit data?
Microsoft has launched an initiative which aims to skill 100,000 developers in India in the latest AI technologies and tools that offers a comprehensive...
In which year was the Securities and Exchange Board of India (SEBI) established?
IBM has launched a cybersecurity hub in ______________ to address the concerns of its clients across the Asia Pacific (APAC) region.
The term ‘Dribble’ is generally associated with______.
________ has entered into a Memorandum of Understanding (MoU) with Nature Conservancy India Solutions Private Ltd (TNC India) to collaborate on research...
Which insurance company has launched a pay as you drive policy which offers a comprehensive motor insurance policy that charges a premium based on the u...
In which city will the Miss World 2023 event be organized?
The United Kingdom has marked the ____ anniversary of Queen Elizabeth II’s rule, the queen looked to the future of the monarchy.
Which segment is excluded from receiving subsidies under the revised FAME scheme for electric vehicles?