Punjab Junction Weekly Newspaper / 18 February 2023
Mumbai,
The Reserve Bank on Friday issued the draft guidelines for minimum capital requirements for market risk – under Basel III framework, wherein it proposes to impose a slew of curbs on a bank’s trading and banking books and steeply increasing the penalties and provisioning ratios.
The regulator said the move is part of converging the Reserve Bank regulations with Basel III standards.
Final guidelines, after modifications if any after public and stakeholder suggestions, will be applicable to all commercial banks, excluding local area banks, payments banks, regional rural banks small finance banks and all types of co-operative banks–urban,, state and central co-operative banks and shall come into effect from April 1, 2024.
Chief Editor- Jasdeep Singh (National Award Winner)
