RBI says Rs 1,800 needed for recapitalisation of RRBs

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Kolkata, Sep 12 (UNI) Reserve Bank of India (RBI) Deputy Governor Usha Thorat today said about Rs 1,800 crore was required to strengthen the balance sheet of Regional Rural Banks (RRBs).

''There are 96 RRBs in the country and only some require recapitalisation. The total amount would be Rs 1,800 crore,'' he said.

Mr Thorat said the RRB board should decide on capital infusion which was needed despite the fact that they were growing through normal profits.

UNI

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