New Delhi, May 20 -- Reserve Bank of India (RBI) on Tuesday released draft norms on commercial banks' capital adequacy disclosures under the Basel Pillar 3 framework, aimed at improving transparency, reducing information asymmetry, and enhancing comparability of banks' risk profiles.

The central bank said the revised framework seeks to align India's disclosure standards more closely with global Basel Pillar 3 requirements, which are designed to strengthen market discipline through enhanced regulatory disclosures.

"Pillar 3 of the Basel Framework aims to promote market discipline through regulatory disclosure requirements," RBI said, adding that such disclosures help market participants assess a bank's regulatory capital, risk exposures,...