Key Indian banks implement Basel II ahead of time

The State Bank of India (SBI) has announced that it and seven associated banks intend to implement Basel II standards by September of this year. SBI has until March of next year and the others until March 2009 to implement Basel II, according to the process that the Reserve Bank of India (RBI) has set up and is managing. The idea behind anticipating the regulation is to burnish SBI’s image as a global player while for some of the associate banks, it will help them launch IPOs. The State Bank of...

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