Basel-iii Norms

PSU banks requires capital for meeting Basel-III norms and cleaning of balance sheet as non-performing assets (NPAs) have reached unacceptably high levels.

There is an urgent need to deepen the corporate bond market to meet the economy's rising fund requirements as infrastructure sector alone requires about Rs 43 trillion over next five years, according to credit rating agency Crisil.

The Reserve Bank on Thursday issued new guidelines on ownership in private sector banks by bundling shareholding patterns into two broad categories of individuals (natural persons) and legal entities/institutions, but retained the cap on foreign ownership at 74 per cent.

Domestic banks have to comply with Basel-III standards by March 2019, which require them to have higher capital base to protect themselves from financial risks emanating from global headwinds. The new stringent capital norms were framed after the 2008 global financial crisis.

Public lender IDBI Bank on Saturday saidit has raised Rs 900 crore by way of issuing Basel-IIIcompliant tier-II bonds.

Public-sector lender Bank of India on Friday said it has raised Rs 3,000 crore by issuing Basel-III compliant Tier-II bonds.

State-owned Canara Bank on Tuesday said it plans to raise Rs 2,400 crore through bonds to fund business growth.It has received 'IND AAA' rating with stable outlook to the proposed Tier-II bond issuance programme, the public sector lender said in a statement.

Banks in India will need about $140 billion to ensure full compliance with the Basel-III norms by 2018-19, Fitch Ratings said on Thursday.

Crisil has said the revised norms on Basel-III bonds by the Reserve Bank of India would help reduce risk associated with non-equity Tier-I instruments and make them attractive to investors.

State-run lender Union Bank of India (UBI) has raised Rs 2,000 crore through bonds compliant with the global banking norms, Basel III.

In accordance with Basel III norms, Indian banks will have to maintain their capital adequacy ratio at 9 per cent as against the minimum recommended requirement of 8 per cent.

"A leverage ratio of 5 percent along with capital raising by banks are the major concerns for implementing the proposed Basel-III guidelines," Deloitte senior advisor Shrikant Rege told the 'Annual Risk and Compliance Summit' organised by the Indian Banks Association.

Reserve Bank Deputy Governor Anand Sinha today allayed fears that the implementation of Basel-III norms will seriously hit domestic banks. "The estimate RBI has done is that transition to Basel-III would not be much of an issue for our banks, as all the capital ratios of our banks are at about the minimum requirement of Basel-III. Moreover, ...

PSU banks requires capital for meeting Basel-III norms and cleaning of balance sheet as non-performing assets (NPAs) have reached unacceptably high levels.

There is an urgent need to deepen the corporate bond market to meet the economy's rising fund requirements as infrastructure sector alone requires about Rs 43 trillion over next five years, according to credit rating agency Crisil.

The Reserve Bank on Thursday issued new guidelines on ownership in private sector banks by bundling shareholding patterns into two broad categories of individuals (natural persons) and legal entities/institutions, but retained the cap on foreign ownership at 74 per cent.

Domestic banks have to comply with Basel-III standards by March 2019, which require them to have higher capital base to protect themselves from financial risks emanating from global headwinds. The new stringent capital norms were framed after the 2008 global financial crisis.

Public lender IDBI Bank on Saturday saidit has raised Rs 900 crore by way of issuing Basel-IIIcompliant tier-II bonds.

Public-sector lender Bank of India on Friday said it has raised Rs 3,000 crore by issuing Basel-III compliant Tier-II bonds.

State-owned Canara Bank on Tuesday said it plans to raise Rs 2,400 crore through bonds to fund business growth.It has received 'IND AAA' rating with stable outlook to the proposed Tier-II bond issuance programme, the public sector lender said in a statement.

Banks in India will need about $140 billion to ensure full compliance with the Basel-III norms by 2018-19, Fitch Ratings said on Thursday.

Crisil has said the revised norms on Basel-III bonds by the Reserve Bank of India would help reduce risk associated with non-equity Tier-I instruments and make them attractive to investors.

State-run lender Union Bank of India (UBI) has raised Rs 2,000 crore through bonds compliant with the global banking norms, Basel III.

In accordance with Basel III norms, Indian banks will have to maintain their capital adequacy ratio at 9 per cent as against the minimum recommended requirement of 8 per cent.

"A leverage ratio of 5 percent along with capital raising by banks are the major concerns for implementing the proposed Basel-III guidelines," Deloitte senior advisor Shrikant Rege told the 'Annual Risk and Compliance Summit' organised by the Indian Banks Association.

Reserve Bank Deputy Governor Anand Sinha today allayed fears that the implementation of Basel-III norms will seriously hit domestic banks. "The estimate RBI has done is that transition to Basel-III would not be much of an issue for our banks, as all the capital ratios of our banks are at about the minimum requirement of Basel-III. Moreover, ...