Indian banks need additional $65 billion capital to meet Basel III norms: Fitch
Tuesday, September 12, 2017 IST
Indian Banks will require about $65 billion in additional capital, lower than estimated earlier, to meet the Basel III capital adequacy norms by March 2019 and push loan growth, Fitch Ratings said on Tuesday.
Weak capital positions have a major negative influence on the banks’ viability ratings which will come under more pressure if the problem is not addressed, it added.
“Indian banks are likely to require around $65 billion of additional capital to meet new Basel III capital standards that will be fully implemented by the financial year ending March 2019,” Fitch said.
This is lower than the US-based credit rating agency’s previous estimate of $90 billion, largely as a result of asset rationalisation and weaker-than-expected loan growth.
State-owned banks - which account for 95% of the estimated shortage - have limited options to raise the capital they still require, it said.
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