New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    As per existing RBI guidelines, by which date all

    commercial banks in India should be complaint to Basel III? 
    A September 30, 2017 Correct Answer Incorrect Answer
    B March 31, 2018 Correct Answer Incorrect Answer
    C September 30, 2018 Correct Answer Incorrect Answer
    D March 31, 2019 Correct Answer Incorrect Answer
    E Banks themselves can decide the dates Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) introduced the Basel norms (Basel I) in India in 2003. It now aims to get all commercial banks BASEL III-compliant by March 2019. Under this banks need to have a core capital ratio of 8% and a total capital adequacy ratio of 11.5% against 9% now. Capital adequacy is a measure of a bank’s financial strength expressed as a ratio of capital to risk-weighted assets.

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