• SENSEX
    NIFTY 50
big story

We will now begin a new journey to build a new India, says Narendra Modi

272/543
L :0
W :353
L :0
W :92
NDA :353
UPA : 92
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 353
2014 : 354 Seats
BJP
303
+
SS
18
+
Other
32
UPA : 92
2014 : 66 Seats
INC
52
+
DMK
23
+
Other
17
OTH : 97
2014 : 107 Seats
TMC
22
+
YSRCP
22
+
Other
53
VIDEOS
Business

RBI's Feb 12 circular: Centre reiterates need for relaxing capital norms for banks

Updated : August 16, 2018 02:24 PM IST

The government on Thursday asked the Reserve Bank of India (RBI) to relax the provisioning and capital norms for banks after the central bank continued to hold its stance that the February 12 circular cannot be relaxed exclusively for the stressed sector assets.

RBI deputy governor Viral Acharya and NS Vishwanathan, department of financial services secretary, department of economic affairs secretary and finance secretary discussed the impact on banks under Prompt Corrective Action (PCA) with the central bank.

The circular requires banks to finalise a resolution plan in case of a default on large accounts of Rs 2,000 crore and above within 180 days, failing which insolvency proceedings will have to be invoked against the defaulter.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV