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    Compliance Based And Transaction Testing Approach

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    • RBI committee advises risk based supervision for banks

      A high level steering committee (HLSC) chaired by K C Chakrabarty, deputy governor of RBI has submitted its report to the regulator on review of supervisory processes for commercial banks. It suggested to replace the present compliance-based and transaction-testing approach (CAMELS) with the risk based supervision (RBS).

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