RBI extends deadline on capital norms under Basel III to March 31, 2019

The Reserve Bank of India (RBI) extended the deadline for banks to implement Basel III capital planning rules by a year to March 31, 2019, due to concerns from the industry on potential stress to asset quality, the central bank said on Thursday.

"Of late, industry-wide concerns have been expressed about the potential stresses on the asset quality and consequential impact on the performance/profitability of the banks," the RBI said.

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