The RBI board decided to set up a high-powered committee to examine issues related to the surplus capital of Rs 9.69 lakh crore with the central bank and advised it to consider a scheme for restructuring stressed assets in the MSME sector.
At the crucial meeting of the board in Mumbai, it was also decided that the Board for Financial Supervision (BFS) of the RBI would examine the issues concerning the banks health under Prompt Corrective Action (PCA) framework and the Economic Capital Framework – ECF of RBI. The Reserve Bank and the Finance Ministry will decide the committee’s composition.
Source- AIR World Service
Static/Current Takeaways Important For IBPS Clerk Mains Exam 2018:
- RBI was established in 1935
- It Headquarters in Mumbai.
- The 24th Governor of RBI is Dr Urjit Patel.