RBI board's decisions to be positive for economy: Uday Kotak
The RBI board announced plans to set up a committee to examine the economic capital framework (ECF) of RBI. It also decided to refer the issue of relaxing prompt corrective framework (PCA) for weak banks to the Board for Financial Supervision (BFS) of RBI.
Talking about variable compensation given to employees, he said a better balance in terms of how to manage compensation was extremely important. Image source: Reuters