When is the BBA?
The BBA, which is being pushed by several major Indian banks, is expected to meet on October 27 to discuss the status of banks’ stock.
The meeting will be held by the RBI in New Delhi, where the country’s central bank is expected play a major role in ensuring that banks’ stocks remain stable.
The BBS, the countrys central bank, will also play a crucial role in overseeing the financial stability of banks, the Financial Stability Board said in a statement on Tuesday.
The BBA is an inter-agency body that is made up of the central bank and the Reserve Bank of India (RBI), which is a separate body.
It is tasked with ensuring that all banks’ balance sheets remain sound.
Banks are supposed to meet quarterly and annually to review their balance sheets.