IT and staff quality seen as key as India adopts Basle II

BASLE II UPDATE

CALCUTTA, INDIA -- The need to improve staff quality and use information technology (IT) effectively are among key targets for the Indian banking system as it prepares to meet intern ational standards of risk-based regulation, India’s central bank chief told a banking economists’ conference in January.

Reserve Bank of India governor Bimal Jalan said progress had been made in assessing the Indian financial system against international best practices and in benchmarking the future direction of

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