NEWS & ADVICE : SAVINGS ACCOUNTS
New capital rule proposed by RBI for Indian Banks
By Vaibhav Aggarwal
Dec 4, 2013
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Plans are in the pipeline by The Central Bank of India, plans to enhance capital prerequisites and make them subjected to more excellent administrative oversight. Motilal Oswal, a domestic firm, has estimated that at least 15 banks could be classed out by the RBI. This would also include Axis Bank LTD. And ICICI Bank Ltd. as domestic systemically essential banks (D-Sibs).

Banks characterized as systemically critical will be obliged to hold extra capital in the extent of 0.2 to 1 percent for the weighted assets which are at risk. As per the proposals of the central bank

Starting April 2016, the prerequisites for higher capital begin. This would be implemented in different stages until 2019. The RBI stated that every year in the month of August 2015, the names of banks which fall under the D-SIB classification would be disclosed.


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