Basel 3 capital norms not to hit Indian banks - RBI

MUMBAI Tue Sep 7, 2010 10:45am IST

Reserve Bank of India (RBI) Governor Duvvuri Subbarao speaks during a business conference organised by the Confederation of Indian Industry (CII) in New Delhi March 26, 2009. REUTERS/Vijay Mathur/Files

Reserve Bank of India (RBI) Governor Duvvuri Subbarao speaks during a business conference organised by the Confederation of Indian Industry (CII) in New Delhi March 26, 2009.

Credit: Reuters/Vijay Mathur/Files

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MUMBAI (Reuters) - The Reserve Bank of India (RBI) chief said on Tuesday he did not see higher capital requirements for Basel 3 norms hitting banks significantly.

Duvvuri Subbarao also said in a speech that leverage in the Indian banking system was moderate.

(Reporting by Suvashree Dey Choudhury)

(For more business news visit Reuters India)

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