Operational risk: RBI tweaks Basel II norms

MUMBAI:  After comparing its guidelines with that of Basel II – advanced approaches of operational risks, the Reserve Bank of India revised certain norms in two of its earlier circulars. To its Mar 31, 2010, circular regarding calculating capital charge for operation risk, the RBI added few norms including that banks migrating to the standardised approach for calculation of operational risks are required to perform calculations of capital as per basic indicator approach as well.