Basel panel says Indian banks 'largely compliant' on liquidity standards - RBI

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)