LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Economy  :  India could delay implementation of global risk norms Basel III: SBI Report

India could delay implementation of global risk norms Basel III: SBI Report (12-Oct-2017)

Citing Indian banking sector is already under pressure due to structural reforms like demonetisation and new uniform tax regime, SBI Ecowrap in its latest report has said that India could slightly delay the implementation of global risk norms Basel III. It also said that an extended timeline to meet the capital needs under the norms would provide the necessary breather to banks to lend more while they grapple with several issues.

The report titled 'Timing Future Reforms in India' said that Indian banking sector needs some time to assimilate the impact of past three structural reforms demonetisation, Goods and Services Tax (GST) implementation and Real Estate Regulatory Authority (RERA) before facing the new ones. Even as they acknowledge the positive impact of such reforms, they are convinced that perhaps the Indian banking sector deserves a small interregnum so as to meaningfully concentrate on issues related to financial inclusion, asset quality and credit growth.

Terming banking sector as the key driver of Indian economy, the report noted that it is currently going through challenging times due to low credit growth, deterioration in asset quality and low profitability. It further said that going by the country-wise implementation status of Basel III standards, India is largely compliant with the risk-based capital and Liquidity Coverage Ratio (LCR) norms ahead of most of the countries as some of them. As per the Reserve Bank direction, the Basel III capital regulation is being implemented from April 1, 2013 in India in phases, and it will be fully adopted as on March 31, 2019.


Top News Today
M&M's arm inks MoU with MACP
(19-Feb-2018)

M&MMahindra & Mahindra's (M&M) wholly owned subsidiary - Mahindra Agri Solutions has inked a Memorandum of Understanding (MoU) with Maharashtra Agriculture Competitiveness Project (MACP),......click on news to read complete article.

Shree Cement commissions new Cement Grinding Unit at Bihar
(19-Feb-2018)

Shree Cement commissions new Cement Grinding Unit at BiharShree Cement has commissioned new Cement Grinding Unit namely 'New Bihar Cement Plant'. The unit with capacity of 2 MTPA is located at Aurangabad in the state of Bihar.The company had recently commissioned......click on news to read complete article.

Premier Explosives receives Management System Certificate from DNV
(19-Feb-2018)

Premier Explosives receives Management System Certificate from DNVPremier Explosives has received the Management System Certificate from DNV GL Business Assurance (DNV), USA after the company has been found to conform to the Quality Management System Standard ISO 9001:2015......click on news to read complete article.

International Stock News
Asian markets trade higher in early deals on Monday
(19-Feb-2018)

Asian markets trade higher in early deals on MondayAsian equity benchmarks are trading higher in early deals on Monday, joining a global recovery for equity markets as sentiments improved gradually from a recent shakeout that stemmed from fears of creeping......click on news to read complete article.

Asian markets trade higher in early deals on Monday
(19-Feb-2018)

Asian markets trade higher in early deals on MondayAsian equity benchmarks are trading higher in early deals on Monday, joining a global recovery for equity markets as sentiments improved gradually from a recent shakeout that stemmed from fears of creeping......click on news to read complete article.

US markets end mixed on Friday
(17-Feb-2018)

US markets end mixed on FridayThe U.S. equity markets paring most of their early gains ended mixed on Friday after Special Counsel Robert Mueller's office revealed that a federal grand jury has indicted several Russian nationals for......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.