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Question
The RBI laid down capital adequacy norms in _______.
The RBI laid down capital adequacy norms in _______.
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Solution
The correct option is C April 1992
The RBI laid down the capital adequacy norms in April 1992 based on the recommendations of the first Narasimhan Committee. As per the RBI norms, the capital adequacy ratio to be maintained by the Indian scheduled commercial banks is 9%. The capital adequacy ratio to be maintained by the Indian public sector banks is 12%. The CAR maintained by the banks ensures their solvency.Hence, option (B) is the correct answer.
The RBI laid down the capital adequacy norms in April 1992 based on the recommendations of the first Narasimhan Committee. As per the RBI norms, the capital adequacy ratio to be maintained by the Indian scheduled commercial banks is 9%. The capital adequacy ratio to be maintained by the Indian public sector banks is 12%. The CAR maintained by the banks ensures their solvency.
Hence, option (B) is the correct answer.
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