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What is CRAR Compliance in Public Sector Banks about?

- Indian banks are required to fully implement Basel II capital adequacy guidelines by March 31, 2009. Basel II mandates a Capital to Risk Weighted Assets Ratio (CRAR) of 8% and Tier I capital of 6%. The Reserve Bank of India requires Indian banks to maintain a CRAR of at least 9%. - A study found that 4 banks - Bank of Maharashtra, Central Bank, UCO Bank, and Vijaya Bank - had Tier I capital below the 6% requirement as of March 31, 2008. The Government of India subsequently announced a recapitalization p

Author

umenaruna

Language

EN