Basel III or basic growth: Take your pick

.....While the Basel III guidelines improve the ability of banks to withstand financial duress by implementing more stringent capital requirements, raising the capital to fulfil the Basel III requirement is a major challenge for Indian banks. Basel III released in December 2010 is the third in the series of guidelines written by the Basel Committee on Banking Supervision (BCBS) whose mandate is to set the reform agenda for global banking sector. Basel I and Basel II are earlier versions and were less stringent. Named after Basel in Switzerland , which is the headquarter of Bureau of International Settlement (BIS), the Basel norms focus on risks to banks..........

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