July 4, 2018 9:41 PM

printer

Cabinet approves extension of scheme of recapitalization of RRBs for next 3-years upto 2019-20

<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><span style="font-size: 12.8px;">The Cabinet has approved the extension of the scheme of recapitalization of Regional Rural Banks, RRBs for the next three years upto 2019-20. </span></div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><span style="white-space: pre-wrap;"><br />''</span>This will enable the RRBs to maintain the minimum prescribed Capital to Risk Weighted Assets Ratio, CRAR of 9 per cent. A strong capital structure and minimum required level of CRAR will ensure financial stability of RRBs which will enable them to play a greater role in financial inclusion and meeting the credit requirements of rural areas.</div>''<div class="yj6qo" style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"></div>

Most Read
View All arrow-right

No posts found.