Banking stocks have broadly reacted positively to the strict capital norms under the Basel regulations put in place for domestic banks over 18 years, starting October 1998, according to RBI Norms.
- HPCL to Lift 45% More Oil From Iraq to Meet Expanded Refining Capacity
- Glenmark Pharma Gets FDA Nod for Generic Regadenoson Injection
- Apple iPhones Registers 48% Growth in India
- Ultratech Cement Q3 Consolidated Net Profit Rises 8% to Rs 1,708 Crore
- JSW to Invest Rs 2,200 Crores in Wind Power Project in Tamil Nadu
The Basel capital regulations were implemented for the domestic banks in six phases from October 1998 to March 2016. These were put in place to align domestic norms with global regulations.
According to RBI, domestic banking stocks declined only during two of the six phases of implementing the Basel norms.