Basel -I and Basel II Norms

Here are some important points about Basel -I and Bales - II Norms.

• Bank for International Settlements (1930) is at Basel, Switzerland, acts as a coordinating agency for Inter - Central bank dealings and for settling balance of payments imbalances.
• RBI is a member in BIS since 9th September 1996.
• These norms come under Basel accord for the regulation of Banks set by the Basel committee mainly to protect the interest of deposits. 

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