The
government has formed a committee with representatives from India’s top
insurer and a few state-owned banks to suggest ways of raising long term
capital for local lenders to meet new international rules on capital
for banks. The mandate of the committee is to recommend steps to
raise perpetual or long-dated bonds which do not have any fixed
maturity, and will be issued by Indian banks in line with the new Basel
rules which kick in from 2014............
Read - ET
Read - ET
No comments:
Post a Comment