Friday, January 4, 2019

Parliamentary panel wants capital adequacy norms eased

Image result for capital adequacy ratio

 Parliamentary panel, headed by former Law minister Veerappa Moily  has asked the Reserve Bank to ease capital adequacy norms for banks, review supervisory framework PCA, and urged the government to set up a committee to look into issues concerning accountability of the central bank as a regulator.

The standing committee on finance also asked the RBI to evaluate the efficacy of its own guidelines on dealing with frauds.

The committee has also suggested increasing the retirement of age of chiefs of public sector banks to 70 years and effect proper manpower planning and HR development strategies in PSBs.

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