http://www.thehindubusinessline.com/industry-and-economy/banking/article3726863.ece
The Reserve Bank of India Governor D. Subbarao on Saturday wanted the Indian banking industry to prepare itself to raise an additional capital of between Rs 1,60,000 crore and Rs 1,75,000 crore by March 2018 to conform to the new Basel III capital adequacy norms.
Basel III is a comprehensive set of reform measures developed by the Basel Committee on Banking Supervision to consolidate the regulation, supervision and risk management of the sector.
These aim at propping up the banking sector’s ability to absorb shocks arising from financial and economic stress and improve risk management.
“Our estimate is that after accounting for (their) internal accruals and interest earnings, banks should raise an additional capital of between Rs 1,60,000 crore and Rs 1,75,000 crore,” he said at a meeting at Hyderabad today.
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