As per Basel 111 norms,banks are expected to hold 4.5% to 6% of Tier 1 Capital.It ensures an additional capital buffer for the banks.But,now many banks are already holding a Tier 1 capital ratio of more than 10%.
The guidelines are expected to be effective from Jan 2013 and the entire process will be over by March 2017.
The guidelines are expected to be effective from Jan 2013 and the entire process will be over by March 2017.