Moreover, the capital requirement on account of increased coverage of risks would not be so material for Indian banks as either those activities are not allowed (i.e. resecuritisation), or their magnitude is quite small (i.e. trading book).
The stress point, however, would be that banks will be required to adjust the unamortised portion of Pension and Gratuity liabilities in the opening balance sheet on April 1, 2013 on transition to IFRS.