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WHAT IS BASEL COMMITTEE and Recommendations of BASAL COMMITTEE |BASEL COMMITTEE|BASEL COMMITTEE ON BANKING SUPERVISION

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|BASEL COMMITTEE|BASEL COMMITTEE ON BANKING SUPERVISION |WHAT IS BASEL COMMITTEE and Recommendations of BASAL COMMITTEE|

WHAT IS BASEL COMMITTEE ON BANKING SUPERVISION

  • Basel Committee on Banking Supervision is an insti­tution of Govemors of the Central Banks of G-10 nations and was formed in 1974.
  • It has 27 members viz. Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Luxembourg, Mexicot_ the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States.
  • Out of them 12 are permanent members and its head­quarters are located at Basel Switzerland …
  • This Basel Committee on Banking Supervision works on strengthening the soundness and stability of the bank­ing system, internationally.
  • In July 1988, it had released the guidelines on Capilal Measures and Capital standards, which were called Basel-1. These guidelines were accepted by RBI also and were implemented w.eJ 1992.
  • In June 2006, it again issued the revised guidelines which are called Baselll. In line with the Baselll, RBI had issued the detailed guidelines from 2007.
  • At Present Basel III is under development.
BASEL COMMITTEE

WHAT IS BASEL COMMITTEE ON BANKING SUPERVISION

BANKS HAVE TO FOLLOW THE FOLLOW THE FOLLOWING MINIMUM REQUIREMENTS OF CAPITAL Fund:

  • Minimum Total CRAR (Basel II Recommendations) : 8%
  • Minimum Total CRAR (RBI Guidelines) : 9%
  • For New Private Sector Banks: 10%
  • The banks that um:fertake insurance busi-· ness: 10%
  • Local Area Banks 15%
  • For dividend declaration by banks 9%
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