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Friday, January 6, 2012

RBI official for implementation of Basel III norms

The RBI Deputy Governor, Mr Anand Sinha, has called for implementation of the Basel III norms by banks to achieve growth and sustainability.

Delivering the key note address at a seminar on ‘Basel III-Implementation Challenges in Banks' organised by Bank of Maharashtra, he observed that putting regulations in place was only one part, but their implementation was equally important.

The RBI recently issued draft guidelines for implementation of Basel III norms. They seek to improve banks' ability to withstand periods of economic and financial stress by prescribing more stringent capital and liquidity requirement, by raising minimum core capital stipulation, introducing countercyclical measures and enhancing banks' ability to conserve core capital in the event of stress through a capital conservation buffer.

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