MUMBAI (Reuters) - A Basel committee has assessed Indian banks' liquidity coverage ratio requirements as 'largely compliant' with the minimum prescribed standards, the Reserve Bank of India said in a circular on Tuesday.
The Basel Committee on Banking Supervision has published the assessment reports on its website on the implementation of liquidity coverage ratio and other risk-based capital framework for its member countries.
Liquidity coverage ratio is one of the new capital measures under Basel III which require banks to maintain highly-liquid assets to meet any short-term outflow.
(Reporting by Suvashree Dey Choudhury; Editing by Biju Dwarakanath)
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