https://www.taxtmi.com/news?id=4585 The Committee requires CCBs and StCBs to attain phased CRAR targets (7% by 2014 15, 9% by 2016 17), estimates additional capital needs for 209 CCBs (aggregate about Rs.4,000-6,500 crore under scenarios) and identifies about 58 CCBs likely unsustainable without consolidation. It mandates PACS to function as business correspondents of banks (with village depositors/borrowers becoming direct CCB clients), prescribes capital mobilisation instruments (interest bearing capital deposits, perpetual bonds, enhanced loan linked shares, temporary Tier II recognition), sets deadlines (31 March 2013 for sub 4% CRAR remediation; 30 September 2013 for CBS/RTGS/NEFT/ATM/POS), and proposes governance and statutory changes to strengthen regulation, elections, auditor panels and grievance redressal. en-us Thu, 24 Jan 2013 18:49:45 +0530 Wed, 11 Feb 2026 15:56:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4585 The Committee requires CCBs and StCBs to attain phased CRAR targets (7% by 2014 15, 9% by 2016 17), estimates additional capital needs for 209 CCBs (aggregate about Rs.4,000-6,500 crore under scenarios) and identifies about 58 CCBs likely unsustainable without consolidation. It mandates PACS to function as business correspondents of banks (with village depositors/borrowers becoming direct CCB clients), prescribes capital mobilisation instruments (interest bearing capital deposits, perpetual bonds, enhanced loan linked shares, temporary Tier II recognition), sets deadlines (31 March 2013 for sub 4% CRAR remediation; 30 September 2013 for CBS/RTGS/NEFT/ATM/POS), and proposes governance and statutory changes to strengthen regulation, elections, auditor panels and grievance redressal. News - Thu, 24 Jan 2013 18:49:45 +0530 https://www.taxtmi.com/news?id=4585