Basel III norms: Where do Indian banks stand

Moneycontrol Bureau

Starting 2013, banks across the word would start implementing the Basel III norms. Every measure has its own initial impact and so is this one. Rating agency Crisil came out with a comprehensive report on the impact of new rules on Indian banks. What is Basel III?
The Bank of International Settlement, an international banking body with majority of central banks as its members, through a committee on banking supervision, known as BCBS, are setting out some rules for banks globally. Those rules pertain to assessing risks, banks