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The Reserve Bank of India (RBI) is working very closely with the government on a $32.43 billion bank recapitalisation plan it had outlined in October to deal with huge bad loans at state-run lenders.
RBI Governor Urjit Patel said on Wednesday that the RBI was liaising closely with the government on the share of the recapitalisation each bank would receive.
Patel, speaking at a news conference after the RBI kept its policy rate unchanged at a more than seven-year low of 6.00 percent, stressed that the recapitalisation would be accompanied with a reform package to ensure the problems do not recur.
You may also want to watch:
<blockquote data-partner="tweetdeck">We should forget the possibility of Rate Cut in near Future, Says Keki Mistry | <a href="https://twitter.com/mihirzee?ref_src=twsrc%5Etfw">@mihirzee</a> <a href="https://t.co/sBGaSFrT1P">pic.twitter.com/sBGaSFrT1P</a>
— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/938339448890126336?ref_src=twsrc%5Etfw">December 6, 2017</a></blockquote>
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<li><a href="http://www.zeebiz.com/india/news-monetary-policy-why-rising-inflationary-pressures-make-a-case-for-rbi-to-maintain-status-quo-33002" target="_self">How RBI's status quo on monetary policy impacts you</a></li>
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The Reserve Bank of India (RBI) is working very closely with the government on a $32.43 billion bank recapitalisation plan it had outlined in October to deal with huge bad loans at state-run lenders.RBI Governor Urjit Patel said on Wednesday that the RBI was liaising closely with the government on the share of the recapitalisation each bank would receive.Patel, speaking at a news conference after the RBI kept its policy rate unchanged at a more than seven-year low of 6.00 percent, stressed that the recapitalisation would be accompanied with a reform package to ensure the problems do not recur.You may also want to watch:We should forget the possibility of Rate Cut in near Future, Says Keki Mistry | @mihirzee pic.twitter.com/sBGaSFrT1P— Zee Business (@ZeeBusiness) December 6, 2017Also Read: RBI holds repo rate at 6%; here's what experts have to sayRBI maintains 'status quo' 2nd time in row; repo rate stands at 6%How RBI's status quo on monetary policy impacts you

RBI working closely with government on bank recapitalisation plan

news-rbi-working-closely-with-government-on-bank-recapitalisation-plan-33023

The Reserve Bank of India (RBI) is working very closely with the government on a $32.43 billion bank recapitalisation plan it had outlined in October to deal with huge bad loans at state-run lenders. RBI Governor Urjit Patel said on Wednesday that the RBI was liaising closely with the government on the share of the recapitalisation each bank would receive. Patel, speaking at a news conference after the RBI kept its policy rate unchanged at a more than seven-year low of 6.00 percent, stressed that the recapitalisation would be accompanied with a reform package to ensure the problems do not recur. You may also want to watch: We should forget the possibility of Rate Cut in near Future, Says Keki Mistry | @mihirzee pic.twitter.com/sBGaSFrT1P — Zee Business (@ZeeBusiness) December 6, 2017 Also Read:  RBI holds repo rate at 6%; heres what experts have to say RBI maintains status quo 2nd time in row; repo rate stands at 6% How RBIs status quo on monetary policy impacts you

RBI working closely with government on bank recapitalisation plan

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