Resources for Basel II Capital Accord (Basel II)

Basel II spells manna for rating firms

www.dnaindia.com

The Basel II norms were quietly implemented in the Indian banking space on Monday, the last day of the last financial year. From Tuesday, all banks with foreign branches --- and foreign banks in India --- are officially compliant with the norms. Banks that do not have foreign branches have to implement Basel II from March 31, 2009. While the advantages to banks have been well documented, these norms are also expected to spawn a host of opportunities for the rating agencies.

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