This is with regard to ‘Basel III could trigger recession' by Mr K Kanagasabapathy “( Business Line , May 11). The new guidelines are far above what is required even under Basel III guidelines. Internationally, Basel III norms are to be implemented from 2019 whereas the RBI has prescribed that they should be through by 2018.

Our banks do not make sub-prime loans. They lend based not only on tangible security but also repaying capacity.

Our banks' deposits and resources are mostly used for government borrowings and government directed lending. Considering all these, there should be a relaxation at least for government banks.

As for government resources to provide capital to banks, the latter's holdings can be diluted. This does not mean necessarily that the government will lose control, as it can continue to have majority voting rights. S Kalyanasundaram

Chennai

Voter power  

This refers to the article, ‘Voting rights for all ( Businessline , May 14). Our electoral system should have the names of eligible voters, without any serious mistakes.

 What ails our democracy is lower voter turnout.   A massive campaign should be launched to highlight the importance of voting.  

Those eligible to vote should know that it is their responsibility to exercise their franchise.

 Only a strong government at the Centre can form a strong nation. To achieve this, there should be high voter turnout.

French voters turned out in unprecedented numbers (registering a turnout of 84 per cent) to elect their new President in 2007.

P. S. Saravana Durai

Tuticorin 

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