Saturday, April 14, 2007

BANKs TO STICK TO BASEL - I NORMs ON CAPITALADEQUACY

In its revised guidelines on the implementation of Basel II norms, the RBI has said that banks’ minimum capital requirement can not fall below the amount of capital necessary under Basel I. The Basel II norms will be applicable to Indian banks with operations overseas, as well as foreign banks, w.e.f. March 31, 2008.

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