Capital requirement Current Affairs, GK & News
Bimal Jalan committee suggests RBI pay interim dividend to Union government only under exceptional circumstances
The Bimal Jalan Committee has suggested that the Reserve Bank of India’s (RBI’s) economic capital framework must be periodically reviewed after every five years and its accounting year (July-June) be aligned with the fiscal year that ends on 31 March. The Committee has recommended that the central bank pay interim dividend to the government (a ..
The National Bank of Agriculture and Rural Development (NABARD) has come out with a ‘Prompt Corrective Action (PCA) Framework’ framework for regional rural banks (RRBs). This is similar to the one unveiled by RBI for schedule commercial banks. This framework is aimed at enabling RRBs that fail to meet prudential requirements relating to capital adequacy, ..
Topics: Capital adequacy ratio • Capital requirement • Economy • Finance • Money • National Bank for Agriculture and Rural Development • Prompt Corrective Action • Reduced representation bisulfite sequencing • Regional Rural Bank • RRB
In the wake of Basel III capital regulations declared by the RBI, the Indian banks would require Rs 3,90,000-5,00,000 crore capital over the next 6 years. As per initial estimates by bankers and rating agencies, out of this , the need for common equity would be Rs 1,30,000-2,00,000 crore, additional Tier-I capital of Rs 1,90,000 ..
Month: Current Affairs - May, 2012
After the rating of SBI were downgraded by Moody’s citing rising stress on the loan portfolio and capital constraints. The Government of India is set to provide funds to the largest public sector Bank of India. The Government says that it is going to infuse fresh capital in SBI so that Tier-1 (equity) capital becomes ..