CCEA approves recapitalisation of RRBs

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CCEA approves recapitalisation of RRBs
New Delhi, Mar 25 () 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.

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