Shift from Basel II to Basel III – A Reporting Perspective on Indian Banking Sector
Journal Title: International Journal of Computational Engineering and Management IJCEM - Year 2014, Vol 17, Issue 1
Abstract
Environment in which a modern commercial bank operates is impacted by multifaceted issues which render the risk management an inevitable activity for the commercial banks. As the primary business of a commercial bank involves extensively dealing with outsider’s funds, thus a high level of trust and confidence are integral towards their operational framework. Basel Accords, initiated by the Basel Committee on Banking Supervision (BCBS) were primarily aimed to promote safer banking practices on the one side and enable the average banking customer to access the details of bank’s annual financial performance through mandatory disclosures on the other. The present papers aims to highlight the gradual amendments initiated within the Basel accords from version II to latest version III. An effort has been made to find out whether Indian commercial banks are ready for the Basel III norms, by analyzing the annual reports of the major public and private sector banks for the year ended 2010-11.
Authors and Affiliations
Pallab Sikdar and Munish Makkad
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