Purpose

This paper aims to develop a holistic understanding of the state of implementation of the Basel III regulation in India. It offers essential insights related to its impact on the macroeconomy, non-performing assets, capital flows and modifications required for the Indian banking sector. Another central aspect of this study is the identification of challenges faced by bankers in implementing Basel III in India.

Design/methodology/approach

A survey was conducted with the help of a well-structured close-ended questionnaire. It was based on six themes identified after a comprehensive review of the literature. Seven experts validated the construction of the questionnaire. A total of 18 responses (42.8%) were received.

Findings

The findings substantiate the importance of Basel III regulations. Although high costs and roadblocks are involved in its implementation, yet, the benefits are notable. Banking experts sense the necessity to modify the Tier 1 ratio, risk-weights and ratings. It is felt that credit ratings will impact the capital and investment flows received by India.

Research limitations/implications

The number of responses limits the ability to conduct several statistical tests.

Practical implications

The findings support the industry’s view that Basel III focuses more on industrialized countries and that many emerging countries lack the technology and infrastructure to implement it.

Originality/value

Since the implementation of Basel, the norm is a continuous process; the findings provide vital insights to regulators and academicians focusing on the Indian banking sector about its current state to aid in developing a future roadmap. This paper delivers important values as follows: a holistic view of banking experts on Basel III in India, required modifications, its impact and future scope of research in this area.

中文翻译：

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印度的巴塞尔协议 III：一把双刃剑

目的

本文旨在全面了解印度巴塞尔协议 III 法规的实施情况。它提供了有关其对宏观经济、不良资产、资本流动和印度银行业所需修改的影响的重要见解。本研究的另一个核心方面是确定银行家在印度实施巴塞尔协议 III 时面临的挑战。

设计/方法/方法

在结构良好的封闭式问卷调查的帮助下进行了一项调查。它基于对文献进行全面审查后确定的六个主题。七位专家验证了问卷的构建。共收到 18 份回复（42.8%）。

发现

调查结果证实了巴塞尔协议 III 法规的重要性。尽管其实施涉及高成本和障碍，但其好处是显着的。银行业专家认为有必要修改一级比率、风险权重和评级。人们认为信用评级将影响印度收到的资本和投资流动。

研究限制/影响

响应的数量限制了进行多个统计测试的能力。

实际影响

调查结果支持业界的观点，即巴塞尔协议 III 更侧重于工业化国家，而许多新兴国家缺乏实施巴塞尔协议的技术和基础设施。

原创性/价值

自巴塞尔实施以来，规范是一个持续的过程；调查结果为关注印度银行业的监管机构和学者提供了关于其当前状况的重要见解，以帮助制定未来的路线图。本文提供了以下重要价值：银行业专家对印度巴塞尔协议 III 的整体看法、需要修改的内容、其影响以及该领域未来的研究范围。