WebMar 26, 2024 · The National Bank for Agriculture and Rural Development (NABARD) identifies those RRBs, which require recapitalisation assistance to maintain the … WebMar 25, 2024 · Those RRBs which are unable to maintain minimum Capital to Risk-weighted Assets Ratio (CRAR) of 9%, as per the regulatory norms prescribed by the Reserve …
Cabinet approves recapitalization of Regional Rural Banks
WebMar 25, 2024 · New Delhi: The Cabinet Committee on economic affairs headed by Prime Minister Narendra Modi on Wednesday (March 25) approved a Rs 1,340 crore recapitalisation package for Regional Rural Banks (RRBs) by providing minimum regulatory capital to RRBs for another up to 2024-21. WebMar 26, 2024 · CRAR also known as Capital Adequacy Ratio (CAR) is the ratio of a bank’s capital to its risk. CRAR is decided by central banks and bank regulators to prevent … shrink open pores
Recommendation of the KC Chakrabarty Committee on Recapitalisation of RRBs
WebNov 1, 2024 · As of end March 2024, 17 out of the 45 RRBs had CRAR of less than 9 per cent, of which six RRBs had negative CRAR. System-wide CRAR of RRBs deteriorated … WebMar 25, 2024 · Out of Rs 1,450 crore approved as the government's share for recapitalization, an amount of Rs 1,395.64 crore has been released to RRBs, up to 2024-20. During this period, the statement said, the government has also taken various initiatives for making the RRBs economically viable and sustainable institutions. WebMar 29, 2024 · 3.3 Compliance with CRAR norms Only such RRBs having CRAR of 9% and above will be eligible. 3.4 Eligibility criteria during 1 April 2024 to 30 June 2024 will be based on their audited financial position as on 31.03.2024 or 31.03.2024 (if audited position as on 31.03.2024 is available) . shrink on scroll