Resources for Basel II Capital Accord (Basel II)
BoB cash chase to meet Basel norms
www.telegraphindia.com Bank of Baroda (BoB), the public sector bank, is planning to raise Rs 2,500 crore to meet its capital requirements arising from the implementation of Basel II norms. The Reserve Bank of India has told domestic banks, who have overseas branches, to meet the Basel II norms by March 31, 2008.
Under Basel II, banks would have to provide for minimum 9 per cent net-owned capital against market risks, operational risks and credit risks.
Though the average capital adequacy ratio of banks in India at present is around 12 per cent, it is expected to come down by 2 to 3 percentage points once adjusted against operational and market risks under Basel II.
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