Financial Economics

Basel-III will require banks to get Rs 2.7 lakh cr fresh capital: Crisil

If the Basel III guidelines are implemented as per the proposed deadline set by RBI, banks will require up to Rs 2.7 lakh crore in fresh capital, says a research by the leading financial services firm Crisil.

Govt relaxes FII rules in long-term infra bonds

Foreign institutional investors (FIIs) can now buy upto $5 billion in long-term infra bonds which have an initial maturity of five years or more at the time of issue with a residual maturity of one year at the time of first purchase by such investors, with a lock-in period of one year.

India hopes G20 will take strong action against black money

India on Thursday said it hopes the G-20 nations will pay heed to its call for strong action on the issue of black money, stashed in tax havens, during the summit.