RBI Deputy Governor Michael Debabrata Patra said the system-level capital ratio under the baseline, medium and severe stress scenarios is projected at 16.1 percent, 14.7 percent and 13.3 percent, respectively
The MPC retained its key policy rate, repo, unchanged in the last round of monetary policy saying it will watch future data before arriving at a rate decision.
In its third bi-monthly monetary policy statement, 2016-17, Governor Raghuram Rajan said: “My hope is the next monetary policy statement will be by the proposed MPCâ€.