RBI extends Basel III implementation

The Reserve Bank of India has extended the date for implementation of Basel III, the global capital norms for banks, by three months to April 1. The Reserve Bank of India has rescheduled the start date for implementation of Basel III to April 1, 2013 from January 1, 2013. The RBI, however, did not provide reasons behind the rescheduling.
The move will provide additional time to some banks that need to enhance their capital base in line with the new norms for strengthening the resilience of

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