Banks may need Rs 2.6 lakh cr more capital for Basel III: S&P

....."We estimate Indian banks will require minimum additional capital of about Rs 69,100 crore to meet the Reserve Bank of India's 8 percent requirement for the common equity tier 1 and capital conservation buffer ratio," it said. "The additional requirement would go up to Rs 2.6 lakh crore given a tendency for banks to hold higher-than-minimum capital and the limited market for hybrid instruments in India," the rating agency added.....

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