Indian lenders need recapitalization, central bank says

10/25/2011 | Economic Times (India), The

The Reserve Bank of India said it will issue detailed guidelines on recapitalization of lenders, saying the move is necessary to meet Basel III capital-adequacy ratios. "While at present, at the system level, banks in India are adequately capitalized, and transition to Basel III is expected to be smooth, careful capital planning would be required by banks in view of substantially higher equity requirement in capital," the central bank said.

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Economic Times (India), The

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