Basel-3 norms effective from 2013: RBI
Hindustan Times | HT Correspondent, Mumbai
May 02, 2012 10:54 PM 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.
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.
Hindustan Times - your fastest source for breaking news! Read now.
Unveiling 'Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!
Get Current Updates on India News, Lok Sabha Election 2024 LIVE along with Latest News and Top Headlines from India and around the world.
Get Current Updates on India News, Lok Sabha Election 2024 LIVE along with Latest News and Top Headlines from India and around the world.
Share this article