Basel III norms are required for

risk management of manufacturing firms

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debt management of NPAs

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risk management of banking sector

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minimum tax to be paid by NRIs

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None of these

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Solution

The correct option is C risk management of banking sector
Basel III is an international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision and risk management within the banking sector. The Basel Committee on Banking Supervision published the first version of Basel III in late 2009, giving banks approximately three years to satisfy all requirements.

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Similar questions

Q2. Consider the following statements Basel III norms:

1. The Basel III norms stipulated a capital to risk-weighted assets of 8%.

2. Indian scheduled commercial banks are required to maintain a CAR of 9% while Indian public sector banks are emphasized to maintain a CAR of 12%.

Select the correct answer using the codes given:

Q40) Identify the correct statement/s about the Basel norms introduced by the Bank of international settlements (BIS)

i) The Basel committee on banking supervision looks after the implementation of Basel norms.

ii) Basel norms 1 was introduced in 1990

iii) Indian banks are following Basel norms 2 which were introduced in 2004

iv) Indian banks will adopt Basel norms 3 in 2019

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