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Central Government provided what amount to Regional Rural Banks (RRBs) in order to meet regulatory Capital requirement (November, 2020)?
- a)760 crore
- b)800 crore
- c)500 crore
- d)670 crore
- e)600 crore
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Central Government provided what amount to Regional Rural Banks (RRBs)...
On November 1, 2020, the Central Government has provided Rs 670 crore to Regional Rural Banks (RRBs) in order to raise the Capital to Risk (Weighted) Assets Ratio (CRAR) of about one-third of the 43 RRBs who are suffering losses especially from north-eastern and eastern regions and need funds to meet regulatory capital requirement of 9%.
This infusion would take care of their capital needs till March 31, 2021. As of end March 2020, 17 out of the 45 RRBs had CRAR of less than 9%, of which six RRBs had negative CRAR.
In accordance with National Bank for Agriculture and Rural Development (NABARD), RRBs as a group reported net loss of Rs 2,206 crore in the FY20, as against Rs 652-crore net loss in FY19.
As per the current scheme for recapitalisation of RRBs, the Centre, concerned state governments and the sponsor banks provides capital support in the ratio of 50:15:35, respectively to enable them to meet the regulatory requirement of CRAR.
Most Upvoted Answer
Central Government provided what amount to Regional Rural Banks (RRBs)...
On November 1, 2020, the Central Government has provided Rs 670 crore to Regional Rural Banks (RRBs) in order to raise the Capital to Risk (Weighted) Assets Ratio (CRAR) of about one-third of the 43 RRBs who are suffering losses especially from north-eastern and eastern regions and need funds to meet regulatory capital requirement of 9%.
This infusion would take care of their capital needs till March 31, 2021. As of end March 2020, 17 out of the 45 RRBs had CRAR of less than 9%, of which six RRBs had negative CRAR.
In accordance with National Bank for Agriculture and Rural Development (NABARD), RRBs as a group reported net loss of Rs 2,206 crore in the FY20, as against Rs 652-crore net loss in FY19.
As per the current scheme for recapitalisation of RRBs, the Centre, concerned state governments and the sponsor banks provides capital support in the ratio of 50:15:35, respectively to enable them to meet the regulatory requirement of CRAR.
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Central Government provided what amount to Regional Rural Banks (RRBs)...
On November 1, 2020, the Central Government has provided Rs 670 crore to Regional Rural Banks (RRBs) in order to raise the Capital to Risk (Weighted) Assets Ratio (CRAR) of about one-third of the 43 RRBs who are suffering losses especially from north-eastern and eastern regions and need funds to meet regulatory capital requirement of 9%.
This infusion would take care of their capital needs till March 31, 2021. As of end March 2020, 17 out of the 45 RRBs had CRAR of less than 9%, of which six RRBs had negative CRAR.
In accordance with National Bank for Agriculture and Rural Development (NABARD), RRBs as a group reported net loss of Rs 2,206 crore in the FY20, as against Rs 652-crore net loss in FY19.
As per the current scheme for recapitalisation of RRBs, the Centre, concerned state governments and the sponsor banks provides capital support in the ratio of 50:15:35, respectively to enable them to meet the regulatory requirement of CRAR.
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Central Government provided what amount to Regional Rural Banks (RRBs) in order to meet regulatory Capital requirement (November, 2020)?a)760 croreb)800 crorec)500 crored)670 croree)600 croreCorrect answer is option 'D'. Can you explain this answer?
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