Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

CCEA gives nod to recapitalisation of Regional Rural Banks

Thursday, 26 Mar 2020
Share this on :
The Cabinet Committee on Economic Affairs (CCEA) has approved capital infusion to the tune of Rs 1,340 crore for Regional Rural Banks (RRBs).

The decision will help these banks maintain the Reserve Bank of India's (RBI) mandated nine percent capital adequacy ratio (CAR). Out of the total proposed amount, the Central government will contribute Rs 670 crore while RRBs sponsor banks will provide the remaining Rs 670 crore.

With this, the process of recapitalisation of RRBs by providing minimum regulatory capital has been extended for another year up to 2020-21. The reason for the infusion was to ensure financially stronger and robust RRBs with improved CAR to enable them to meet credit requirement in rural areas.

While the Centre contributed 50 percent towards their initial capital, certain public sector banks or sponsor banks put in 35 percent and state governments provided the remaining 15 percent to start up the RRBs. In its 2019-20 Budget, the government had earmarked Rs 236 crore for the capitalisation of RRBs.

The scheme for recapitalisation of RRBs was started in 2010-11 and extended up to 2019-20 in a phased manner with a financial support of Rs 2,900 crore with 50 percent government’s share of Rs 1,450 crore.

Out of Rs 1,450 crore, an amount of Rs 1,395.64 crore has been released to RRBs, up to 2019-20 so far. At present there are 45 operational RRBs, which the Centre had planned to bring down to 38 through mergers with their sponsor banks to improve efficiency and bring in economies of scale.

 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your free trial

Are you...



REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

Username:

Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services