Basel-3 norms effective from 2013: RBI

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.

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.”

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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.