<h1>RBI Delays Basel III Capital Rules to Align with Indian Financial Year, Now Effective April 1, 2013.</h1> The Reserve Bank of India has shifted the implementation date for Basel III capital regulations from January 1, 2013, to April 1, 2013, aligning with the Indian financial year. The decision allows India to monitor Basel III progress in other major countries, especially those in the Basel Committee. Initially, guidelines were issued in May 2012, with full implementation planned by March 31, 2018. The Basel Committee noted that several member jurisdictions have finalized regulations effective January 1, 2013, while others are finalizing drafts. The global timeline aims for a gradual phase-in of new requirements by 2019.