Karnataka based, IDBI Bank is all set comply with the advanced Basel II norms and has entered into an agreement with Crisil Risk Solutions for the purpose.

As per the agreement between the two entities, Crisil will extend consulting services to IDBI in order to make comprehensive and integrated risk management architect for the bank.

Besides, Crisil will allow the bank to use and execute its proprietary software solutions that will facilitate it to calculate the Basel-II capital, manage its operational risk and maintain the internal rating of the bank.

Basel-II norms has three pillars that entail banks to maintain a minimum capital requirement based on the risk profile of bank, supervisory review of banks by RBI if they go for internal ranking and market discipline.

Crisil will also integrate various risk systems in IDBI Bank during the course of the assignment and help the public lender to comply with the Basel II norms.

CRISIL Risk Solutions, a leading provider of risk solutions for banks, financial institutions and corporates. It is a division of CRISIL Risk and Infrastructure Solutions Limited, a 100% subsidiary of CRISIL Limited.