Indian banks will have to bring in an additional capital of Rs 5 lakh crore to meet the
Basel III norms,
RBI Governor
D Subbarao said.
Basel III norms will be implemented in a phased manner by March 2018.
Of the total Rs 5 lakh crore additional capital required under Basel III, the share of equity capital has to be 1.75 lakh crore and non-equity Rs 3.25 lakh crore, he said.
The government on its part has to infuse Rs 90,000 crore into the state-run banks to maintain majority shareholding under the Basel III, Subbarao said.
If the government is not able to bring in the required additional capital, it has to pare its shareholding to reduce the funding burden.
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