With reference to the Basel Norms, consider the following statements: (a) These are international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision and risk management within the banking sector. (b) Basel Norms are published under the World Economic Outlook report of the International Monetary Fund (IMF). (c) The purpose of the accord is to ensure that financial institutions have enough capital on account to meet obligations and absorb unexpected losses. (d) India doesn’t follow the Basel norms as it has its own regulatory framework under the Banking Regulation Act, 1949. Which of the above statements is/are correct? - Study24x7
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With reference to the Basel Norms, consider the following statements: (a) These are international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision and risk management within the banking sector...

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A

1 and 2 only

B

1 and 3 only

C

3 and 4 only

D

1 and 4 only

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