The last three questions, if you noticed, dealt with the putative negative consequence of Basel III – the burden of raising additional capital and the costs of complying with the new liquidity standards, their impact on banks’ profitability, and on the overall growth prospects of the economy. 39.
One view, although not explicitly spelt out in that form, is that India need not adopt Basel III, or should adopt only a diluted version of it, so as to balance the benefits against the  BIS central bankers’ speeches  5  putative costs.