Banks will need ₹1.9 L cr by March 2019: S&P

NEWDELHI: Indian banks may need an additional ₹1.9 lakh crore by March 2019 in order to write down losses on non-performing loans and meet regulatory requirements under Basel III, said a report from S&P Global Ratings. The global credit rating firm said public sector banks will find it challenging to raise funds from the equity market owing to lower valuations, overcrowding in the market and regulations.