Reuters logo
India cbank extends deadline on capital norms under Basel III to March 31, 2019
March 27, 2014 / 11:57 AM / 3 years ago

India cbank extends deadline on capital norms under Basel III to March 31, 2019

MUMBAI, March 27 (Reuters) - The Reserve Bank of India extended the deadline for banks to implement Basel III capital planning rules by a year to March 31, 2019, due to concerns from the industry on potential stress to asset quality, the central bank said on Thursday.

“Of late, industry-wide concerns have been expressed about the potential stresses on the asset quality and consequential impact on the performance/profitability of the banks,” the RBI said.

Reporting by Neha Dasgupta; Editing by Sunil Nair

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below