 "Reserve Bank of India, RBI")
In view of hardship faced by outbreak of COVID-19, the Reserve Bank of India on Friday extended the deadline for meeting last tranche of capital conservation buffer (CCB) by another six months.
The move would leave about Rs 35,000 crore capital in the hands of banks for lending to on-lending to productive sectors of the economy.
This would help banks increase lending by over Rs 3.5 trillion by leveraging ten times of the capital.
"Considering the potential stress on account of COVID-19, it has been decided to further defer the implementation of the last tranche of 0.625 per cent of the CCB from
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