Basel III News

The bonds bear a coupon rate of 7.74 per cent. This is the lowest pricing ever offered on such debt. It is being issued by any bank since the country started implementing the stringent Basel III capital rules in 2013

Board of PNB has given its approval for raising equity capital to the tune of Rs 3,000 crore through FPO, QIP or rights issue.

State Bank of India on Saturday said it proposes to raise Rs 5,681 crore by issuance of preferential shares to the central government, its majority shareholder.

Public sector lender Bank of Baroda on Saturday said it proposes to raise up to Rs 2,000 crore on private placement basis to meet Basel III requirements.

State-owned Vijaya Bank today said it is planning to raise Rs 226 crore from allotment of equity shares to insurance major Life Insurance Corporation of India (LIC) on preferential basis

The Reserve Bank's decision to amend the capital valuation rules as per the Basel-III framework will help boost core equity of lenders, bankers said Wednesday.

The fund raised will help the bank to meet global risk norms, Basel III, which will kick in from March 2019.  

SBI on Tuesday said it is planning to monetise non-core assets and list some of its subsidiaries for meeting capital needs as well as global risk norms, Basel III, which will kick in from March 2019.

The capital requirement of Indian banks would cross the Rs 5 lakh-crore mark while meeting the global Basel III banking norms by March 2019, a study report said today.

State lenders account for more than 70 percent of all outstanding bank loans, and they are in need of support to meet Basel III regulatory requirements.

India's banking norms in certain aspects are more rigorous than what has been prescribed under the Basel III framework for capital adequacy, says a report.

Syndicate Bank today said it has raised Rs 400 crore by issuing bonds.

Basel-III norms -- which will come into effect from March 31, 2019 -- was basically a reinforcement of the existing Basel-II, according to an RBI official.

"The guidelines are credit positive for Indian banks because they make clear that banks will be required to hold the additional capital amid periods of rapid credit growth," Moody's said.

Oriental Bank of Commerce has raised Rs 500 crore through bonds that are compliant with the global capital adequacy norms, Basel III.

However, the bank did not elaborate where the proceeds would be used.

State-owned Bank of Baroda (BoB) plans to raise Rs 1,000 crore from bonds soon to fund business expansion.

The Reserve Bank of India (RBI) Saturday said dilution of government holding in public sector banks (PSBs) may not be sufficient for meeting Basel III capital adequacy norms.

Public sector banks in India will need to raise up to USD 37 billion over the next 4-5 years to meet Basel III compliance norms, credit rating agency Moody's said Monday.

Five associates of State Bank of India (SBI) would raise about Rs 33,000 crore capital to meet global risk norms -- Basel III -- in the next five years.