IMF-World Bank: India – Basel Core Principles for Effective Banking Supervision – Detailed Assessment Report
RBI welcomes the comprehensive review of banking regulation and supervision in India done with respect to the highest international standards, by the joint IMF-World Bank team. The Detailed Assessment Report (DAR) recognised that India made considerable progress towards developing a stable financial system through improvements in the legal, regulatory and supervisory framework, which led India to be… Read More
Tags: Banking in India, Basel Committee on Banking Supervision, Financial Sector Legislative Reforms Commission, Financial Stability and Development Council, India, Insurance Regulatory and Development Authority, Reserve Bank of India, State Bank of India
7th Meeting of the Financial Stability and Development Council
Reviews The Position of Asset Quality and Capital Adequacy of The Banking System in the Country, National Strategy for Financial Education and the Recommendations of The Financial Sector Legislative Reforms Commission Among Others The Financial Stability and Development Council (FSDC) reviewed the position of asset quality and capital adequacy of the banking system in the… Read More
Tags: Basel III, Finance Secretary, Financial Sector Legislative Reforms Commission, Financial Stability and Development Council, Financial Stability Board, FSDC, India, Run batted in
FM Speak :: Speech at the ICSI Seminar on Indian Financial Code
The Union Finance Minister P. Chidambaram has said that multiplicity of Institutions and multiplicity of Regulators which have come up from time to time to meet newly perceived requirements, has potentially created regulatory overlaps, gaps and ambiguity on account of lack of role clarity. This creates inefficiencies in addressing critical emerging issues in a increasingly dynamic, complex and interconnected financial world.… Read More
Tags: Delhi, Financial Sector Legislative Reforms Commission, India, Institute of Company Secretaries of India, New Delhi, P. Chidambaram, Regulation, Regulators
ICSI Conducts National Seminar on ˜Indian Financial Code™
Union Finance Minister, Shri P. Chidambaram, here today inaugurated a National Seminar on the Indian Financial Code as recommended by the Financial Sector Legislative Reforms Commission. The Seminar was organized by the Institute of Company Secretaries of India (ICSI) which functions under the aegis of the Ministry of Corporate Affairs. Addressing the august gathering, Shri… Read More
Tags: Chitra Ramakrishna, Corporate Affairs Ministry, Financial Sector Legislative Reforms Commission, Financial services, India, Institute of Company Secretaries of India, P. Chidambaram, Seminar
Report of the Financial Sector Legislative Reforms Commission
The Financial Sector Legislative Reforms Commission was constituted by the Government of India, Ministry of Finance, in March, 2011. The setting up of the Commission was the result of a felt need that the legal and institutional structures of the financial sector in India need to be reviewed and recast in tune with the contemporary requirements… Read More
Tags: Finance Ministry, Financial regulation, Financial Sector Legislative Reforms Commission, Financial services, Government, India, Reserve Bank of India, Run batted in
FM Speak :: Immediate Challenges are to Consolidate Economy, Return to Higher Growth Rate
Immediate Challenges are to Consolidate the Economy, Return to the Path of Higher Growth Rate and Ensuring the Gains ofgrowth Reach More and More People; Government™s Targeted Policies for Poor with Fewer Leakages due to Implememtation of Direct Benefit Transfer System to Help in Translating Higher Outlays into Better Outcomes; Rationalisation of Foreign Investment in… Read More
Tags: Finance Minister, Finance Secretary, Financial Sector Legislative Reforms Commission, Government, Government debt, India, P. Chidambaram
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