CAMEL rating is a system that ----
A
Assigns a numerical rating to banks
B
Ranks camels according to their quality
C
Ranks camels according to their price
D
Allows banks to operate in a developing country
Correct Answer: Assigns a numerical rating to banks
CAMELS Rating is the rating system wherein the bank regulators or examiners (generally the officers trained by RBI), evaluates an overall performance of the banks and determine their strengths and weaknesses.