The Reserve Bank of India (RBI) extended the deadline for banks to implement Basel III capital planning rules by a year to March 31, 2019, due to concerns from the industry on potential stress to asset quality, the central bank said on Thursday.
"Of late, industry-wide concerns have been expressed about the potential stresses on the asset quality and consequential impact on the performance/profitability of the banks," the RBI said.
Copyright: Thomson Reuters 2014
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