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Question

The Basel III guidelines have been implemented in India in phases starting from –

A April 01, 2014 Correct Answer Incorrect Answer
B April 01, 2011 Correct Answer Incorrect Answer
C April 01, 2013 Correct Answer Incorrect Answer
D April 01, 2015 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The Basel III norms were devised by the Basel Committee on Banking Supervision in order to take care of the systemic risks facing the banking sector of the country. These norms were first brought into public in 2010 by the BCBS. There are three main pillars of Basel III guidelines – capital adequacy requirements, supervisory review and market discipline. In India, this came into effect from April 01, 2013.

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