BANKING GENERAL KNOWLEDGE
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Question
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The Reserve Bank of India (RBI) extended the timeline for full implementation of the Basel III capital regulations by a year. Now the banks are required to comply with the Basel III norms by 31 March 2019 instead of
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31 March 2016
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31 March 2018
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31 March 2017
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31 March 2015
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Explanation:
Detailed explanation-1: -Update sets out the adoption status of Basel III standards in member jurisdictions as of end-September 2022.
Detailed explanation-2: -Total regulatory capital should be at least 9% of risk weighted assets and within this, Tier 1 capital should be at least 6% of risk weighted assets. Within Tier 1 capital, innovative Tier 1 instruments are limited to 15% of Tier 1 capital.
Detailed explanation-3: -A capital conservation buffer of 2.5%, comprised of Common Equity Tier 1 (CET1), is established above the regulatory minimum capital requirement.
Detailed explanation-4: -BC. No. 65/21.04. 098/2019-20 dated April 17, 2020 on Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR).
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