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Thursday, February 23, 2012

Capital support assured for public sector banks

The finance Minister MR. Pranab Mukherjee said that the Government is ready to infuse more capital in public sector banks (PSBs) to help them employ with the Basel III capital regulations, while envisage more stringent norms for capital adequacy. The Basel III capital regulations are to be implemented from January 1, 2013 and will be fully phased in by January 1, 2019.