<![CDATA[General Background Banking stability requires systematic evaluation of financial soundness under risk-based supervision frameworks. Specific Background Conventional banks listed on the Indonesian capital market are assessed through the RGEC framework covering Risk Profile, Good Corporate Governance, Earnings, and Capital. Knowledge Gap Prior assessments often describe static conditions and rarely examine the dynamic and regulatory alignment of RGEC implementation across major banks during recent economic disruptions and digital transformation. Aims This study explains the dynamics of bank health assessment using RGEC indicators and examines conformity with prevailing regulations. Results Using a quantitative descriptive-explanatory approach and financial ratio analysis of annual reports from five largest conventional banks during 2022–2024, the findings show varied composite ratings, with two banks categorized very healthy, one healthy, one fairly healthy, and one less healthy, reflecting differences in asset quality, efficiency, profitability, and capital adequacy. Novelty The study integrates regulatory compliance perspectives with longitudinal RGEC ratio mapping to portray adaptive health conditions rather than one-time evaluation. Implications The results provide evidence-based insights for regulators and bank management to strengthen governance, risk management, and supervisory strategies in a rapidly changing financial environment. Keywords: RGEC, Bank Health Rating, Financial Ratios, Risk Based Supervision, Conventional Banking Key Findings Highlights: Composite categories vary significantly among major institutions Asset quality and operational efficiency differentiate performance levels Regulatory alignment observed across assessment procedures]]>
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