C8

Question 1

Working Group to Review the System of On-site Supervision of Banks

Answer 1

Chairman: S. Padmanabhan, 1995

Question 2

Working Group on Consolidated Accounting and Other Quantitative Methods to Facilitate Consolidated Supervision

Answer 2

Chairman: Vipin Malik, 2001

Question 3

Working Group on Monitoring of Systemically Important Financial Intermediaries (Financial Conglomerates

Answer 3

(Convener: Smt. Shyamala Gopinath, 2004)

Question 4

the High Level Steering Committee for Review of Supervisory Processes for Commercial Banks

Answer 4

Chairman: K C Chakrabarty, 2012

Question 5

Inter-Regulatory Working Group on FinTech and Digital Banking

Answer 5

(Chairman: Shri Sudarshan Sen, 2018

Question 6

Working Group on digital lending including lending through online platforms and mobile apps

Answer 6

(Chairman: Shri Jayant Kumar Dash, Executive Director, 2021).

Question 7

The Basel Committee on Banking Supervision (BCBS) has identified Core Principles for Effective Banking Supervision originally published in

Answer 7

September 1997.

Question 8

The latest such revision was carried out in September 2012 and there are currently ________________ core principles covering supervisory powers and responsibilities, supervisory expectations of banks, emphasising the importance of good corporate governance and risk management, as well as compliance with supervisory standards.

Answer 8

29

Question 9

In particular, the inspection of banks under section

Answer 9

35 of B.R. Act

Question 10

bank licensing regulation and objectives as laid down in Section

Answer 10

Section 22 of the Act

Question 11

The substantive objective of the statutory inspections is to verify whether the conditions subject to which the bank has been issued license to undertake banking business __________________________ continue to be fulfilled by them.

Answer 11

[vide sub- section 3, and for foreign banks also 3A of Sec.22]

Question 12

RBI set up the Board for Financial Supervision (BFS), a sub-committee of the Central Board of RBI, in

Answer 12

November 1994,

Question 13

Chairman of the BFS

Answer 13

Governor, RBI

Question 14

Vice Chairman of the BFS

Answer 14

Deputy Governor in charge of banking supervision

Question 15

other members of BFS

Answer 15

The other deputy governors of the Reserve Bank are ex-officio members and four non-official directors from the Central Board of the RBI are co-opted as members for a term of two years

Question 16

BFS meets ob=nce every

Answer 16

month

Question 17

Prior to 1993, the _________________ was responsible for the supervision and regulation of commercial banks.

Answer 17

Department of Banking Operations & Development (DBOD)

Question 18

In _____________ , with a view to having a holistic approach to supervision and regulation of the regulated entities so as to address growing complexities, size and inter- connectedness as also to deal more effectively with potential systemic risk that could arise due to possible supervisory arbitrage and information asymmetry, it was decided to integrate the supervision function into a unified Department of Supervision (DoS).

Answer 18

November 2019,

Question 19

The Core Principles for Effective Banking Supervision issued by the Basel Committee on Banking Supervision (BCBS) provides the broad framework for supervision. Principle _________________ states that “ An effective system of banking supervision requires the supervisor to develop and maintain a forward-looking assessment of the risk profile of individual banks and banking groups, proportionate to their systemic importance; identify, assess and address risks emanating from banks and the banking system as a whole; have a framework in place for early intervention; and have plans in place, in partnership with other relevant authorities, to take action to resolve banks in an orderly manner if they become non- viable.”

Answer 19

8

Question 20

CAMELS

Answer 20

(Capital Adequacy, Asset Quality, Management, Earnings, Liquidity and Sensitivity to Market Risk) Model. In the Indian context, S in the CAMELS acronym stood for Systems and Control

Question 21

a risk-based approach to supervision was implemented from __________ onwards in a phased manner

Answer 21

2013

Question 22

SPARC

Answer 22

(Supervisory Program for Assessment of Risk and Capital).

Question 23

Off-site Monitoring and Surveillance (OSMOS) system was set up as a complementary tool to on-site inspection, which has been replaced with

Answer 23

Centralised Information Management System (CIMS) in June 2023.

Question 24

Central Repository of Information on Large Credits (CRILC) has been introduced in

Answer 24

2014

Question 25

Keeping this objective in mind, a Central Fraud Registry (CFR) has been operationalised with effect from

Answer 25

January 20, 2016

Question 26

expert Panel on Cyber Security and IT Examination was constituted with _____________ as the Chairperson. A

Answer 26

Executive Director In-Charge of Department of Banking Supervision

Question 27

A dedicated Cyber Security & IT Examination Cell (CSITE Cell) was also established in

Answer 27

June 2015.

Question 28

Reserve Bank's Advanced Supervisory Monitoring System

Answer 28

DAKSH)

Question 29

Reserve Bank's Advanced Supervisory Monitoring System (DAKSH) was launched by the Governor, RBI on

Answer 29

2022

Question 30

This EWI framework provides an early warning in terms of breaches of critical thresholds across a set of __________ significant ratios

Answer 30

18

Question 31

The key areas for monitoring banks under the revised framework

Answer 31

capital, asset quality and leverage

Question 32

The indicators tracked for capital, asset quality and leverage are

Answer 32

CRAR/Common equity Tier 1 ratio, Net NPA ratio and regulatory min Tier 1 leverage ratio respectively.

Question 33

Supervisory Colleges for six major banks

Answer 33

(State Bank of India, Bank of Baroda, Bank of India, ICICI Bank Ltd., Axis Bank Ltd. and Punjab National Bank

Question 34

IRF, chaired by

Answer 34

Deputy Governor-in-Charge of Department of Supervision, Reserve Bank of India (RBI) comprises representatives from other regulators/supervisors at the Whole Time Member leve

Question 35

the Inter-Regulatory Forum for monitoring Financial Conglomerates (IRF) was set up in

Answer 35

August 2012.

Question 36

IRF consists of

Answer 36

RBI, Securities and Exchange Board of India, Insurance Regulatory & Development Authority of India, Pension Fund Regulatory and Development Authority and NHB.