The Reserve Bank of India’s (RBI) Deputy Governor Michael Debabrata Patra said macro stress tests for credit risk reveal that all banks in India would be able to comply with the minimum capital requirements even under severe stress.
Patra said the system-level capital ratio under the baseline, medium and severe stress scenarios is projected at 16.1 percent, 14.7 percent and 13.3 percent, respectively by March 2024, which is well above the regulatory minimum of 9 per cent.
Patra was delivering a speech at the 16th SEACEN-BIS High-Level Seminar hosted by the National Bank of Cambodia at Seim Reap, Cambodia.
(This is a developing story, please check back for more details)
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