Debt Risk

ICICI Bank, HDFC Bank and Axis Bank need Rs 70,000 crore capital for Basel III: Fitch
Ratings agency Fitch said the top three private sector lenders will require close to Rs 70,000 crore in fresh capital to meet the stricter Basel-III capital norms. The 24 state run banks would need a much larger capital infusion of close to Rs. 2.5 trillion. Post the 2008 crisis banks have tightened the capital adequacy norms for lenders as a safety measure. The norms called Basel I-III are to be implemented by 2017-18. The RBI has asked the three banks mentioned above to take a step in that direction.
http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/finance/icici-bank-hdfc-bank-and-axis-bank-need-rs-70000-crore-capital-for-basel-iii-fitch/articleshow/15340644.cms?
Asian Stocks Jump As Debt Risk Drops On U.S. Jobs, Euro Optimism
Asian stocks rose for the first time in four days. The euro gained against most of its peers, with the dollar declining to the lowest in a month against the shared currency. The cost of insuring Asian bonds against default fell to the lowest level since April. Greece and its creditors agreed on the need for more budget cuts to comply with bailout terms after more than a week of meetings in Athens. The U.S. economy added twice as many jobs in July as the previous month, boosted by automakers.
http://www.bloomberg.com/news/2012-08-06/asian-stocks-jump-as-yen-weakens-on-u-s-payrolls-oil-retreats.html
Investors retain confidence in private equity amid economic woes: Study
Insurers, regulator and government need to work together: CII
The Confederation of Indian Industry (CII) in its report said that the insurance industry is faced with multiple challenges coupled with regulatory changes, giving the industry little time to adjust to changed market dynamics. The report said there is a need for simplification of life insurance products as well as the claims process, transparency of costs among others.
The insurance body is... [continues]

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