More reports on: Economy - general
Impact on Banking: Soujanya P, manager, banking sector, CARE news
28 February 2011

Rs.6,000 crore to be provided during 2011-12 to enable public sector banks to maintain a minimum of Tier I CRAR of 8%.

Rs. 500 crore to be provided to enable Regional Rural Banks to maintain a CRAR of at least 9% as on March 31, 2012

 Positive for the banking industry with proposed capital infusion to enable banks strengthen their capital adequacy levels and fund expansion of operations.

Existing housing loan limit enhanced to Rs. 25 lakh for dwelling units under priority sector lending

Enhanced limits for housing loans qualifying for priority sector exposures would act as an incentive for flow of resources.

Central Electronic Registry to prevent frauds involving multiple lending on the same immovable property to become operational by March 31, 2011.





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Impact on Banking: Soujanya P, manager, banking sector, CARE