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RBI ramps up interest in Basel III bonds with revisions
Indian banks got a huge helping hand from the Reserve Bank of India (RBI) on September 1 after the regulator relaxed its Basel III guidelines to drive up interest in bank capital issuance.
The country’s high-growth banking system is estimated to require a minimum additional capital of about Rp691bn ($11.4bn) by 2018 in order to meet the RBI’s 8% requirement for the common tier one and capital conservation buffer ratio, according to the central bank.
But Indian banks have long found ...Already a subscriber? Login
