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Losses incurred by United Bank of India could see its capital ratios fall below the regulatory minimum, and test the authorities’ approach to bank regulatory capital instruments in the present Basel III era, said Fitch Ratings.
This is likely to be the first instance within Asia since the implementation of the Basel III framework. According to the report, a number of Indian banks — mostly state-owned — are considering raising fresh capital in the international markets, in the light of the capital pressures on the sector.
The Kolkata-based bank's credit profile has weakened sharply compared with other state-owned banks.
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