PSBs likely to get Rs 20,000 crore capital infusion in FY19 if RBI retains Basel III norms
Updated : November 02, 2018 12:31:11 IST
The plan to infuse the additional funds comes as a buffer if the Reserve Bank of India (RBI) retains the Basel III norms at current levels.
At present, minimum common equity (CET) Tier I ratio as prescribed by RBI stands at 5.5 percent as against 4.5 percent under Basel III norms.
An initial estimate presented by bankers to the government, as quoted by reports, if the RBI relaxed the norms, around Rs 6 lakh crore of lending can be achieved without any additional requirement for provisioning.
Published : November 02, 2018 12:30 PM IST