The board, while deciding to retain the CRAR at 9%, agreed to extend the transition period for implementing the last tranche of 0.625% under the Capital Conservation Buffer (CCB), by one year, i.e., up to March 31, 2020.
The Reserve Bank of India (RBI) board on Monday decided to set up a high-powered committee to examine issues related to surplus capital of Rs 9.69 trillion with the central bank and advised it to consider a scheme for restructuring stressed assets in the MSME sector. At a nine-hour-long meeting of the board, it was also decided that the Board for Financial Supervision (BFS) of the RBI would examine the issues concerning the banks that are under the Prompt Corrective Action framework, according to a release. ALSO READ: RBI and govt signal truce on demand ...
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