RBI amends Basel III guidelines for banks
The RBI said banks can now issue additional Tier 1 capital to retail investors subject to board approval
)
Indian banks can now issue Tier 2 capital with a minimum original maturity of 5 years as against 10 years previously, the Reserve Bank of India (RBI) said in a notification on Monday, amending some guidelines on Basel III implementation in India.
The RBI said banks can now issue additional Tier 1 capital to retail investors subject to board approval. The RBI also said call options on the additional Tier 1 debt will now be permissible at 5 years versus 10 years earlier.
The revised guidelines will be effective immediately, the notification said.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Sep 01 2014 | 7:40 PM IST