Basel III Accord Deadline Extended : An Update
In a major step intended to provide some relief to Indian Banks RBI has extended the deadline for implementation of Basel III accord by one year to March 2019 , earlier the deadline was set at March 2018 .
Basel III accord requires large capital acquirement by banks which was putting extra pressure on them to increase their assets sharply to meet the requirements of Basel III accord by March 2018 . For details of Basel Accords read this : "Basel Accords : An Introduction" .
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