RBI Press release 2018-2019/1165 date November on 19.11.2018
on Central Board meets at Mumbai
The Reserve Bank of India’s (RBI) Central Board met ON 21.11.2018 in Mumbai and discussed the BASEL REGULATORY CAPITAL FRAMEWORK, A RESTRUCTURING SCHEME for stressed MSMEs, BANK HEALTH UNDER PROMPT CORRECTIVE ACTION (PCA) framework and the ECONOMIC CAPITAL FRAME WORK (ECF) of RBI.
The Board also decided to constitute an expert committee to examine the ECF, the membership and terms of reference of which will be jointly determined by the Government of India and the RBI. Further, it was decided that the RBI should consider a scheme for restructuring of stressed standard assets of MSME borrowers with aggregate credit facilities of up to ₹ 250 million, subject to such conditions as are necessary for ensuring financial stability. The Board, while deciding to retain the CRAR at 9%, agreed to extend the transition period for implementing the last tranche of 0.625% under the Capital Conservation Buffer (CCB), by one year, i.e., up to March 31, 2020. With regard to banks under PCA, it was decided that the matter will be examined by the Board for Financial Supervision (BFS) of RBI.
