Citing a study by the Basel Committee, Reserve Bank of India (RBI) Deputy Governor Anand Sinha said that the growth in gross domestic product (GDP) would dip by 0.22 per cent if Basel III was fully phased in 35 quarters. He was, however, quick to add that the course of GDP growth would shift back to the original path after 35 quarters.
Basel is the international regulatory framework for banks.....
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