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Indian banks need $65 billion capital to meet Basel rules by March 2019 - Fitch

Reuters  |  MUMBAI 

MUMBAI (Reuters) - Indian banks will need additional capital of $65 billion to meet all of global Basel III banking rules by March 2019, with state-run lenders accounting for 95 percent of the requirements, Fitch Ratings said on Tuesday.That is far above the $11 billion in capital infusions into state-run lenders the government has budgeted through March 2019, with $3 billion due to be injected in the 2017/18 and 2018/19 fiscal years.Fitch's latest estimate is lower than its previous call of $90 billion as weaker-than-expected loan growth reduced capital requirements, but the credit rating ...

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First Published: Tue, September 12 2017. 11:40 IST
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