Reserve Bank of India (RBI) has informed that the Basel III capital regulations have been implemented from Aprihave, 2013 in India in phases, for full implementation by March 31, 2019.
Norms/guidelines regarding the capital required to be maintained by banks in India including the Basel III capital regulations, are issued by RBI. RBI has not notified any changes or proposed changes to these regulations since March 2016.
RBI has envisaged full implementation of Basel III capital regulations in India by March 31, 2019.
As per audited data of Public Sector Banks (PSBs) for the quarter ended December 2017, all PSBs met the regulatory norm for Common Equity Tier-1. Further, with a view to supplementing the efforts of PSBs for meeting regulatory capital norms and augmenting growth capital, Government of India announced in October 2017 recapitalisation of PSBs to the tune of Rs. 2,11,000 crore over the current and next financial years comprising of capital infusion by the Government of Rs. 1,53,139 crore and the balance through raising of capital by PSBs.
This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Lok Sabha today.
