Indian banks might not meet Basel III

Large bad assets a big hindrance, said Standard & Poor's.

The international ratings agency said Indian banks might find it difficult to raise funds to meet the new norms due to their rising bad assets.

It expects banks in high-growth systems such as India to face challenges in maintaining or raising capital ratios to keep pace with growth in risk assets. It estimated that capital shortfall of major Indian and Chinese banks could reach about US$100 billion by 2019.

The Reserve Bank of India, the central bank, last month rescheduled the starting date for implementation of the Basel III norms to April 2013 from January.

"Asia-Pacific banks are poised to take the global lead in implementing Basel III in 2013,” Standard & Poor's said.

“Most countries in the region have published their final set of Basel III capital reform regulations effective from January 2013 and these banks will adopt the new capital regulations ahead of their global peers."

Also Read

Citibank’s Chia Seok Hoon is an advocate for her co-workers

MUFG acquires 9.98 million shares in JACCS

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit