The standards adopted by the Reserve Bank of India (RBI) with regard to risk-based capital requirements are 'compliant' with minimum Basel capital standards, the central bank said on Tuesday.

RBI in a release said that the Basel Committee on Banking Supervision (BCBS) under the aegis of the Bank for International Settlements has published the assessment reports on implementation of Basel risk-based capital framework and the Liquidity Coverage Ratio (LCR) for India.

The report is part of the ongoing Regulatory Consistency Assessment Programme (RCAP) for its member jurisdictions.

BCBS has so far published assessment on 13 jurisdictions, including India.

"The assessment has rated the standards adopted by the Reserve Bank with regard to risk-based capital requirements as 'compliant' with the minimum Basel capital standards," RBI said.

Each of the 14 components of the Basel capital framework included in the assessment has been assessed as compliant, as per the report.

"The Liquidity Coverage Ratio requirements have been assessed as 'Largely Compliant' with the minimum Basel liquidity standards", it added.

"The two components of the LCR framework, - LCR standard and the LCR disclosure requirements, are assessed as 'largely compliant' and 'compliant' with the Basel standard, respectively", the release said.

RBI believes that the RCAP reports bring in transparency about the national adoption and implementation of Basel standards and promote an international level playing field, as per the release.

The panel works toward improving the quality of banking supervision worldwide.

In March 2014, RBI had extended the deadline for banks to implement global capital norms, Basel III, to March 2019.

Indian government has been pumping in funds to recapitalise state-owned banks and has earmarked Rs 7,900 crore in the Budget for the current financial year ending March 31, 2016. (Busines Today)