CURRENT AFFAIRS : BANKING & FINANCE
RBI Implements Basel-III Capital Framework for All India Financial Institutions
- The Reserve Bank of India (RBI) has introduced norms on the Basel III capital framework, fundraising, exposure guidelines, and norms on the classification and valuation of investment portfolios for All India Financial Institutions (AIFIs), which will come into effect from April 2024.
- India has 5 AIFIs that are regulated by the RBI.
- These institutions are the Export-Import Bank of India (EXIM Bank), the National Bank for Agriculture and Rural Development (Nabard), the National Bank for Financing Infrastructure and Development (NaBFID), the National Housing Bank (NHB), and the Small Industries Development Bank of India (SIDBI).
