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RBI braces for Basel battle on state debt

With 30% of assets in govt debt, Indian banks would take a hit from higher capital charges on sovereign bonds

Mumbai

THE Reserve Bank of India (RBI) is getting ready for a fight on proposed changes to the global regulatory framework that would hit the country's lenders with higher capital charges for the mountain of government debt on their books.

Tighter rules would bite India's banks,

sentifi.com

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