After 9-Hour meeting, RBI decided to form a panel on sharing surplus
Megha Jain
Content Head
Image Credit: Shortpedia
After 9 hours of marathon discussion over several topics including liquidity, PCA norms and cash reserves, RBI Board, which comprises 18 members, decided to form a committee on certain contentious issues. They also consider restructuring of stressed standard assets of MSME borrowers with aggregate credit facilities of up to ₹25 crore, subject to such conditions as are necessary for ensuring financial stability.
