It is my great hope that in 2016, serious reforms will take place in both of these areas, in order to improve Latvia’s competitiveness, and that measures will concurrently bet taken to explain to the population why such reforms are necessary and what positive effect they will have on our economy in the future. Why am I discussing budget matters at this time?
Under Basel III, an assessment of Indian banks in terms of capital requirements has revealed that, notwithstanding some issues with a few individual banks, the system, as a whole, is very well capitalized and the transition to the revised capital norms of overall capital adequacy, Tier I component or equity component would be smooth.