MUMBAI (Reuters) - The capital needed by India's state-owned banks to fulfil Basel III requirements could be higher than the 2.4 trillion rupees ($38.73 billion) estimated earlier, Reserve Bank of India Deputy Governor S.S. Mundra told a TV news channel on Thursday.
Mundra added it was also not the right time to restrict capital infusion from the government to just a few state-owned banks based on their performance, according to an interview carried by CNBC TV18.
($1 = 61.9600 rupees)
(Reporting by Neha Dasgupta and Devidutta Tripathy; Editing by Subhranshu Sahu)
