Indian banks are ramping up risk management systems, says survey

The survey focused on the challenges of becoming Basel II-compliant for Indian banks, and was conducted among Indian bankers as part of a larger Basel II seminar hosted in Mumbai by Oracle, i-flex solutions and IBA, which aimed to understand the nuances of Basel II compliance and to assess the preparedness of Indian Banks for Basel II compliance.

The Reserve Bank of India (RBI) recently extended the Basel II compliance deadline from March 31, 2007 to March 31, 2008, to provide banks with more

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