Which of the following is part of off-site supervision of banks by RBI?
(a) analysis of statement called from banks
(b) analysis of balance sheet of the bank
(c) meeting with the management periodically
(d) rating reports of rating agencies
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(a) to (d) all
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(a), (b) and (c)
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(a), (c) and (d)
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(b), (c) and (d)
A
Correct answer
Explanation
The Offsite Surveillance and Monitoring System (OSMOS) plays a key role in identification of risks and monitoring banks on a continuous basis. OSMOS consists of a set of 28 structured returns that capture prudential and statistical information of banks at periodical intervals. The RBI requires banks to submit detailed and structured information periodically under OSMOS. On the basis of OSMOS, RBI analyzes the health of the banks.