Basel panel moots stronger steps to curb money laundering

Last Updated: Thursday, June 27, 2013, 20:27

To curb money laundering and terror financing activities, the international panel on banking supervision on Thursday came out with suggestions including stronger due diligence and clear policies by banks.

Disclose structure of capital instruments: RBI to Banks

Last Updated: Tuesday, May 28, 2013, 23:32

These guidelines will become effective from July 1 and therefore, the first set of disclosures should be made by banks as on September 30, 2013

Tottenham 2-2 Basel: Bale injury sours Spurs comeback

Last Updated: Friday, April 5, 2013, 09:13

Tottenham overturned a two-goal deficit to rescue a 2-2 draw in the first leg of their Europa League quarter-final tie against Basel but lost Gareth Bale to a nasty looking ankle injury at White Hart Lane.

RBI puts off Basel norms for forex derivatives to Jan 2014

Last Updated: Thursday, March 28, 2013, 23:47

The Reserve Bank Wednesday postponed the implementation of Basel-III regulations for currency derivatives segment to next January pending resolution of norms regarding trade settlement, even as it said the new capital adequacy requirements will kick in from April 1.

Basel III norms for Indian banks from April 1: RBI

Last Updated: Saturday, March 23, 2013, 00:02

The Reserve Bank of India (RBI) will soon issue a notification for the implementation of the Basel III capital regulations by Indian banks from April 1, central bank governor D. Subba Rao said Friday.

Banks may need Rs 2.6 lakh cr more capital for Basel III: S&P

Last Updated: Monday, March 18, 2013, 20:34

"The additional requirement would go up to Rs 2.6 lakh crore given a tendency for banks to hold higher-than-minimum capital and the limited market for hybrid instruments in India," the rating agency added.

Russian Champions Zenit out of Europa League

Last Updated: Friday, March 15, 2013, 18:19

A missed penalty in the dying minutes cost FC Zenit St. Petersburg the chance to advance into the quarterfinals of the UEFA Europa League, as they lost 1-2 on aggregate to Swiss FC Basel.

One of world`s oldest sun dials discovered in Egypt

Last Updated: Friday, March 15, 2013, 16:30

Researchers have unearthed one of the world`s oldest Egyptian sun dials - possibly dating back to 13th century BC - used by the people to tell time with the position of the Sun.

Europa League Round of 16: Fenerbahce, Benfica & Basel take first-leg advantage

Last Updated: Friday, March 8, 2013, 13:33

The Swiss side were the night`s biggest winners as they netted twice to leave Zenit with a mountain to climb ahead of the return fixture, while Levante and Rubin ended goalless.

Banks stay stressed till 2015 but can meet Basel-III norms: S&P

Last Updated: Monday, February 25, 2013, 20:14

Global ratings major Standard & Poor's (S&P) Monday said the asset situation of Indian banks will continue to be under stress next fiscal and the scenario will improve only by 2015, as economy starts to look up.

Banks need Rs 1.4 trn in non-equity core capital: Crisil

Last Updated: Thursday, February 21, 2013, 20:44

Crisil Thursday said banks will find it a bit difficult to raise Rs 1.4 trillion in non-equity based core capital to meet Basel III norms, as it could be hard to convince investors about the safety of these hybrid instruments.