India's counter-cyclical buffer proposals a 'tax on banks'


Moves by the Reserve Bank of India (RBI) to implement a version of Basel III's counter-cyclical capital buffer (CCB) fail to address the real issues facing the domestic financial system, and effectively amount to a "tax on banks", according to Ajay Shah, professor at the National Institute of Public Finance and Policy – a think-tank affiliated with the Ministry of Finance.

Credit grew quickly in the run-up to the financial crisis, so regulators wanted a provision for banks to put in additional c

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: