Saturday, May 5, 2012

Govt banks may have to sacrifice growth due to Basel III norms

Public sector banks (PSBs) risk sacrificing growth and return on equity as they brace for higher capital requirements under the new Basel III guidelines issued by the Reserve Bank of India (RBI) that will require a big increase in equity capital that the government will be hard pressed to come up with, analysts said a day after the more stringent norms were unveiled.............

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