Mumbai, May 18: Reserve Bank of India has undertaken a study covering all banks in the country to finalise a policy approach for the proposed new Basel capital accord so that external perception about India conforming to the best international standards "is positive". The apex bank has specially designed a workbook to be filled in by the banks for this quantitative impact study, RBI said in a notification here today.

It added that the report should be submitted on or before June 30, 2003.

The Basel Committee on Banking Supervision (BCBS) has been engaged in revision to the capital accord of 1988. After conducting an impact assessment (quantitative impact study), it recently issued a consultative document on the New Basel Capital Accord for comments by July 31, 2003. RBI said banks would be required to furnish the data pertaining to their capital adequacy ratio, risk weighted assets and operational risk among other things, as on March 31, 2003.

In case, for any reason, it is not possible for any bank to do so, it may furnish the data as on March 31, 2002, it added. Bureau Report