RBI unlocks 40000 crores to capitalize banks

Posted on:03 Mar 2016 09:40:57
RBI unlocks 40000 crores to capitalize banks
03 March 2016 Current Affairs: RBI announced relaxation of certain norms in the balance sheet which will unlock 40,000 crores to support the capital requirement of Indian banks. Indian banks are facing a huge loss due to the increase in Non Performing assets which have eroded the Capital of these banks .The revised RBI norms will give public sector banks (PSB) access to additional capital of INR 35,000 crore It could be about INR 5,000 crore for private sector banks RBI have aligned the definition of regulatory capital .

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