rbi speech, 2006-05-09
On the first track, the commercial banks are required to maintain capital for both credit and market risks as per Basel I framework; cooperative banks on the second track are required to maintain capital for credit risk as per Basel I framework and surrogates for market risk; RRBs on the third track which though subject to prudential norms do not have capital requirement on par with the Basel I framework.
Sentiment: neutral
Topic: governance