Following are the highlights of the Reserve Bank of India’s (RBI) Central Board meeting held on November 19, 2018:
- The Board decided to constitute an expert committee to examine the Economic Capital Framework (ECF), the membership and terms of reference of which will be jointly determined by the Government of India and the RBI.
- The Board also advised 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
- CRAR retained at 9%.
- The transition period for implementing the last tranche of 0.625% under the Capital Conservation Buffer (CCB) has been extended by 1 year to March 31, 2020.