Meeting Basel III requirements ‘the critical question' for India's public banks
The "critical question" for India's banking system at present is whether a fiscally squeezed government can meet the enhanced capital needs of public sector banks under Basel III, Reserve Bank of India (RBI) governor Duvvuri Subbarao argued earlier today during a speech at the FICCI-IBA Annual Banking Conference in Mumbai.
Public sector banks dominate India's financial system with 73% of assets and 83% of branches, but "require substantial capital to support growth", Subbarao said, adding that
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