Multiple choice

The word OSMOS in the context of supervision of banks, stands for

  1. Online Surveillance and Monitoring System

  2. Offsite Surveillance and Monitoring System

  3. Open Surveillance and Monitoring System

  4. Off Shore Monitoring System
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

As a part of the supervisory strategy, an off-site monitoring system for surveillance over banks was operationalized in RBI in March 1996. As a tool for “early warning signals”, the 'Offsite Surveillance and Monitoring System' (OSMOS) plays a key role in identification of risks and monitoring banks on a continuous basis.

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