homefinance NewsGovernment likely to hold talks with RBI to leave more capital with banks, says report

Government likely to hold talks with RBI to leave more capital with banks, says report

Government likely to hold talks with RBI to leave more capital with banks, says report
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By CNBC-TV18 Aug 7, 2018 9:23:25 AM IST (Published)

The government will hold talks with the Reserve Bank of India (RBI) on relaxing capital norms for banks, reported The Economic Times.

The government will hold talks with the Reserve Bank of India (RBI) on relaxing capital norms for banks, reported The Economic Times.

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The authorities will ask the central bank to relax capital norms for banks and bringing them in line with less stringent Basel III guidelines,  the report said citing an unidentified senior government official.
The move will reportedly free up an estimated Rs 60,000 crore of capital at state-owned lenders, allowing them to step up lending to fuel the reviving economy, according to the report.
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