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CCEA approves recapitalisation of RRBs

Business Finance

Press Trust of India  |  New Delhi 

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a Rs 1,340-crore recapitalisation plan for regional rural banks (RRB).

Information and Broadcasting Minister Prakash Javdekar said that the recapitalization of RRBs will improve their Capital to Risk Weighted Assets Ratio.

The central government will provide Rs 670 crore and an equal amount will come from the banks for recapitalisation.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 25 2020. 15:44 IST