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National News

Jul 04, 2018
9:41PM

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

The Cabinet has approved the extension of the scheme of recapitalization of Regional Rural Banks, RRBs for the next three years upto 2019-20. 

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.

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