Indian banks need $65b capital by March 2019

That is if they want to meet Basel III requirements.

Citing Fitch Ratings, a Reuters report said Indian banks will need additional capital of $65 billion to meet all of global Basel III banking rules by March 2019, with state-run lenders accounting for 95 percent of the requirements.

That is far above the $11 billion in capital infusions into state-run lenders the government has budgeted through March 2019, with $3 billion due to be injected in the 2017/18 and 2018/19 fiscal years.

Fitch’s latest estimate is lower than its previous call of $90 billion as weaker-than-expected loan growth reduced capital requirements, but the credit rating agency continued to warn that Indian lenders “have limited options to raise the capital they still require”.

Read the full story here.

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