The Quantitative Impact Study published in December 2010 by BCBS of 91 large banks (including 3 from India) showed a shortfall of Euro 165 bn and Euro 577 bn in equity component vis-à-vis 4.5 per cent and 7 per cent ratios, respectively.
This is one of the reasons for an extended timeframe for implementation of Basel III from January 1, 2013 to January 1, 2019. The other reason is to cushion the slowdown in the GDP growth during the transition period on account of much larger capital requirements.