RBI to announce Basel II guidelines
The Basel II norms work by aligning regulatory capital requirements more closely to the risks faced by banks globally.Updated: Sep 26, 2006 15:30 IST
India's central bank will announce guidelines for implementing the Basel II framework in the next few weeks, deputy governor V. Leeladhar said on Tuesday.
"We will post the final guidelines for implementation of Basel II norms in the next couple of weeks," Leeladhar said at a banking seminar.
The Basel II norms, drafted by the Bank for International Settlements (BIS), seek to improve existing regulations by aligning regulatory capital requirements more closely to the risks faced by banks globally.
First Published: Sep 26, 2006 15:30 IST