No extension of Basel II deadline, says Indian reserve bank

Daily news headlines

MUMBAI – The Reserve Bank of India (RBI) has reiterated that there will be no further extensions to the Basel II implementation deadline, which has already been postponed by one year to March 2008.

"There will be no further changes in the deadline for Basel II implementation. The deadline for banks having international presence will be March 2008, while banks having no international presence will have to comply with Basel II norms by March 2009," says V Leeladhar, deputy governor of the Reserve Bank of India.

The RBI is confident that banks are on the right track with regard to Basel II but freely admits there are challenges ahead. The credit risk assessment will be particularly difficult due to the lack of rating agencies in India and, as with elsewhere in Asia, finding skilled staff to implement the advanced approaches will be difficult.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here