- 30 large banks have informed the RBI that they are ready to switch to a new uniform risk-based supervision system from April 1, which will enable them to assess their risk in real-time.
- The new system will bring a uniform methodology to check the health of the banking system as against CAMESL framework used at present.
- There are many ambiguities today with banks reporting so many things with their own definitions. The idea is to see that you have one uniform norm through which everybody can report.
