GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Identify the Basel III norms from following that, recently RBI has extended the timeline for implementation for banks in India ____
|
|
Market discipline
|
|
|
Leverage ratio to 3 %
|
|
|
Minimum regulatory capital requirement
|
|
|
All of the above
|
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: -The Reserve Bank of India (RBI) introduced the norms in India in 2003. It now aims to get all commercial banks BASEL III-compliant by March 2019.
Detailed explanation-3: -The Basel III accord caused an increase in the minimum capital requirements for banks from 2% in Basel II to 4.5% of common equity, as a per cent of the bank’s risk-weighted assets. There is an additional buffer capital requirement of 2.5%, bringing the total to 7% for Basel compliance.
There is 1 question to complete.