Finance
YellsyRBI's Culinary Masterstroke: Banks Get CRAR and IFR Relief!
Listen up, banks! The RBI just served you a piping hot plate of relief! You can now toss those quarterly profits into your CRAR calculations without worrying about NPA provisioning fluctuations. And guess what? The IFR requirement is getting the chop too! It’s time to streamline this kitchen disaster and make banking as flawless as a Michelin-starred dish!
few days ago | Subrata Panda
Quick rundown
1.RBI offers banks more flexibility in CRAR calculations.
2.Banks can now include quarterly profits without NPA provisioning worries.
3.Investment fluctuation reserve requirement proposed to be removed.
4.Most commercial banks already have capital for market risk.
5.New draft directions will be issued for public consultation.
