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RBI releases draft of revised captial-adequacy framework

RBI releases draft of revised captial-adequacy framework
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First Published: Wed, Mar 21 2007. 12 39 AM IST
Updated: Wed, Mar 21 2007. 12 39 AM IST
Mumbai: The Reserve Bank of India (RBI) on 20 March released draft guidelines on implementation of new capital-adequacy framework for commercial banks. Foreign banks operating in India and Indian banks having operational presence outside India should migrate to the new norms with effect from 31 March 2008.
All other scheduled commercial banks, an RBI release said, “are encouraged to migrate to these approaches under the revised framework in alignment with them but in any case not later than 31 March 2009.” The central bank had released the first draft of these norms on 15 February 2005. This is the second draft from RBI, seeking comments from commercial banks.
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First Published: Wed, Mar 21 2007. 12 39 AM IST