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RBI opposes government on dilution of bank capital norms

The RBI on Friday opposed government calls to relax the rules for risk weights and capital requirement for Indian banks. The RBI warned that relaxing the current risk-adjusted capital norms, often termed as Basel-III-plus norms, could hit the economy at a time when defaults are high and provisions low. At present, the capital adequacy norms for Indian banks are higher than those recommended under Basel.

Read More at Livemint News date : 29 Dec 2018, Saturday

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