ECONOMY

Bank Stocks Broadly Positive During Basel Regulations Implementation: RBI

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.

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.

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