Indian banks need $65 bn capital to meet Basel rules: Fitch
Indian banks will need additional capital of $65 billion to meet Basel III capital standards by March 2019, with state-run lenders accounting for 95% of the requirements, Fitch Ratings said. It said the government is committed to investing only another $3 billion in state-run banks in the next two fiscals, having already provided most of the originally budgeted $11 billion.