Recapitalization of Regional Rural Banks to improve their Capital to Risk Weighted Assets Ratio.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Recapitalization of Regional Rural Banks to improve their Capital to Risk Weighted Assets Ratio. - News and Press Release Dated:- 7-6-2012 - News - Press Information Bureau Government of India Ministry of Finance 07-June-2012 12:52 IST Recapitalization of Regional Rural Banks to improve their Capital to Risk Weighted Assets Ratio The Union Cabinet today approved the release o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f 50% share of the Central Government for recapitalization of remaining Regional Rural Banks (RRB) to improve their Capital to Risk Weighted Assets Ratio (CRAR). As all State Governments have not contributed their share the Cabinet decided to extend the scheme of capitalization of weak RRBs by another 2 years. Background The Regional Rural Banks were established in 1975 with the objective .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... to create an alternative channel to 'cooperative credit structure' with a view to ensure sufficient institutional credit for rural and agriculture sector. The issued capital of RRBs is shared by Central Government, the concerned State Government and the sponsor bank in the proportion of 50%, 15% and 35%, respectively. In pursuance of the recommendations of Dr. Chakrabarty, Deputy Governor, RBI o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n CRAR of RRBs, Government had initiated the process of recapitalization of 40 financially weak RRBs in 2009-10. The recapitalization amount has to be shared by stake holders in proportion of their share holding. The release of Central Government share is subject to release of State Government and sponsor bank share. Capitalization has been completed in 16 RRBs till the end of March, 2012. SH .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... /RK - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X