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Fitch puts a number to banks' capital Total amount needed pegged at Rs 2.7 lakh crore; largest requirement by SBI and associates; govt needs to plan ahead for injection
Indian banks may need to raise up to $50 billion (Rs 2.7 lakh crore) of additional equity under the Basel-III capital regulations announced by the Reserve Bank of India, on top of retained earnings, according to Fitch Ratings.
Most of the requirement is back-ended, with
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