Basel Iii Norms

Union Bank of India raises Rs 663 cr from AT-1 bonds under Basel-III norms

State-owned Union Bank of India on Friday said it has raised Rs 663 crore from Tier I bonds to fund business growth. "...the bank has allotted unsecured, subordinated, non-convertible, perpetual, taxable, fully paid-up Basel III compliant Additional Tier 1 bonds (AT-1) in the nature of debentures eligible for inclusion in Tier 1 Capital," Union Bank of India said in a regulatory filing. The bank raised Rs 663 crore in aggregate from these bonds, it said. Under the Basel-III norms, AT-1 bonds come with loss absorbency features, meaning that in case of stress, banks can write off such investments or convert them into common equity if approved by the Reserve Bank of India. AT-1 bonds qualify as core or equity capital.

Bank of Baroda planning to raise Rs 5 billion through perpetual bonds

India's Bank of Baroda plans to raise at least 5 billion rupees ($62.52 million) through sale of Basel III compliant additional Tier I perpetual bonds, say three merchant bankers

Bank stocks broadly positive during Basel norms implementation: RBI paper

Banking stocks have broadly reacted positively to the strict capital norms under the Basel regulations put in place for domestic banks over an 18-year period, starting October 1998, RBI paper showed

RBI hikes threshold for deposits of non-financial small biz customers

This, the RBI said, has been done to better align guidelines with the Basel Committee on Banking Supervision standard

Union Bank of India to allot Basel III bonds of Rs 2,000 cr next week

Union Bank of India on Thursday said it will allot Basel III compliant bonds next week on a private placement basis, for which it has accepted bids worth Rs 2,000 crore. The bank has considered the issuance of Basel III compliant debt instruments in the nature of debentures of Rs 500 crore, with green shoe option up to Rs 1,500 crore (maximum Rs 2,000 crore) on private placement basis, the bank said in a regulatory filing. The bonds are eligible for inclusion in additional tier I capital, it said. The bonds, with face value of Rs 1 crore each, are perpetual in nature and bear coupon of 8.70 per cent per annum. Perpetual bonds carry no maturity date, so they may be treated as equity, not as debt. The deemed date of allotment of bonds is November 22, 2021, the state-owned lender said. The bonds are rated 'AA'/stable by India Ratings & Research and Crisil.

Canara Bank raises Rs 120 cr by issuing Basel III compliant bonds

State-owned Canara Bank on Tuesday said it has raised Rs 120 crore by issuing Basel III compliant bonds

Bank of Maharashtra raises Rs 200 crore under tier II bond programme

The coupon offered on the bond was 7.75 per cent

An agenda for Dr Patra

I am sure Dr Patra will get the fullest cooperation from the finance minister, who needs workhorses, not prima donnas constantly looking to improve their CVs

BoB directors to finalise plans to raise capital at Jan 8 meeting

CRISIL believes BoB will be able to maintain adequate capitalisation over the medium term, backed by capital support from the Union government

Co-op banks may come under banking act, forced conversion not ruled out

In the revised scheme, the inspection of the UCBs solely under the Banking Regulation Act will be done by the central bank

SBI raises Rs 3,814 crore from perpetual bonds to fund business growth

Under the Basel-III norms, AT-1 bonds come with loss absorbency features, meaning that in case of stress, banks can write off such investments

SBI raises up to Rs 3,105 cr by issuing bonds under Basel-III regulations

To comply with Basel-III capital regulations, banks need to improve and strengthen their capital planning processes

Large exposures framework: Basel committee lauds RBI on strict rules

In India, the LEF applies to all banks, apart from the regional rural banks

SBI to raise AT1 capital worth Rs 8,000 cr to comply with Basel III norms

Basel III reforms are the response of Basel Committee on Banking Supervision to improve banking sectors ability to absorb shocks

India may delay implementation of Basel III norms: SBI report

India is largely compliant with the risk-based capital and Liquidity Coverage Ratio (LCR) norms