Capital / Liquidity

JPMorgan, BofA and Citi said their CET1 capital ratios relative to risk-weighted assets would rise by about one full percentage point starting October.

Banks were initially due to use the ECL approach to estimate and provision for credit losses from 1 April 2018, but the RBI had deferred implementation.

Central banks from China, Hong Kong, Singapore, Malaysia, Indonesia and Chile are creating a reserve pool to guard against market stresses.

The government has approved a project that will require banks have a capital adequacy ratio of at least 10-11 percent by 2023 and 11-12 percent by 2025.

Ant Group is reportedly aiming to file a preliminary IPO prospectus as early as next month, subject to regulatory feedback on its financial holding company setup.

Most debtors will still be subject to income-based restraints. A refinancing programme will allow borrowers to convert variable-rate mortgages to long-term fixed-rate mortgages.

William Coen and Dr Maximilian Dyck discuss the standardisation of Basel III data using bankruptcy remoteness and fair value accounting as examples.

Proposed amendments would lower the interest rate cap from 60 to 48 percent p.a., and the so-called 'extortionate' rate from 48 to 36 percent p.a.

The higher lending caps are intended to account for rising housing prices and customer needs, the RBI said.

The central bank also adjusted its base interest rate and announced plans to issue a 6-month savings bond that will pay 20 percent annualised interest.