We have also heard of instances, elsewhere in the world, of even as small a value of one penny being robbed off every transaction, misusing the ICT capabilities, which have also resulted in loss of enormous amount of money.
Notwithstanding the room available to the banks to meet the Basel III timeline, the banks have to look to generate more internal capital. With the emphasis on fiscal consolidation by the GOI, the leeway earlier available to the PSBs to approach the Govt.