Basel-3 norms effective from 2013: RBI

  • HT Correspondent, Hindustan Times, Mumbai
  • |
  • Updated: May 02, 2012 22:54 IST

The Reserve Bank of India (RBI) on Wednesday said that Basel-3 guidelines, which prescribe more stringent capital and liquidity requirements for banks, will come into effect from January 1, 2013 in a phased manner. “These guidelines would become effective from January 1, 2013, in a phased manner,” said the central bank in a notification. “The Basel- 3 capital ratios will be fully implemented as on March 31, 2018.”


Basel-3 guidelines seek to improve the ability of banks to withstand periods of economic and financial stress by prescribing more stringent capital and liquidity requirements for them.

 

also read

CCEA gives nod for IDFs to take over bank loans

blog comments powered by Disqus