CCEA approves recapitalisation of RRBs

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

PTI

March 25, 2020 / 16:34 IST

The Cabinet Committee on Economic Affairs (CCEA) on March 25 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.

PTI

first published: Mar 25, 2020 04:27 pm

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