Resources for Basel II Capital Accord (Basel II)

Indian Bank readies for BASEL-II norms

economictimes.indiatimes.com

Indian Bank had geared up to set in place the norms conforming to Basel II specifications and the inititatives would hopefully culminate before October this year, according to a top official of the bank. "A parallel run on the new standards will soon be initiated so that the bank would be ready with BASEL-II prescriptions well ahead," he told reporters here last night.

He said the bank has a very comfortable Capital Adequacy Ratio at 14.47 per cent as against RBI specificied nine per cent. Net NPA was 0.28 per cent as of June 30 this year as against previous year 0.35 per cent.

The bank has set itself a goal of achieving an aggregate business of Rs one lakh crore at the earliest possible time. Total business is now billed at Rs 79,879 crore, he said.

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