Union Cabinet approves recapitalisation of RRBs

Union Cabinet approves recapitalisation of RRBs

The article talks about the government’s move to recapitalize the regional rural banks (RRBs) and improve their capital-to-risk weighted assets ratio (CRAR) making these banks financially stronger, which would be crucial in ensuring liquidity in rural areas. Details from the news is important for both prelims and mains.

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