business

Banks must maintain 7% core capital: RBI's Basel III norms

The Reserve Bank of India (RBI) on Wednesday directed Indian banks to maintain a minimum tier I capital or core capital which is equity and reserve under the final guidelines on Basel-III capital regulations. Moreover, the regulator, for the first time, asked lenders to keep a capital conservation buffer of 2.50%.

first published: May 2, 2012 08:02 pm