Indian banks need $65b capital to meet Basel rules by March 2019 | The Daily Star
12:00 AM, September 13, 2017 / LAST MODIFIED: 01:32 AM, September 13, 2017

Indian banks need $65b capital to meet Basel rules by March 2019

Indian banks will need additional capital of $65 billion to meet all of global Basel III banking rules by March 2019, with state-run lenders accounting for 95 percent of the requirements, Fitch Ratings said on Tuesday. That is far above the $11 billion in capital infusions into state-run lenders the government has budgeted through March 2019, with $3 billion due to be injected in the 2017/18 and 2018/19 fiscal years.

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