<P> Subsequent to review of the financial status of RRBs by the Union Finance Minister in August, 2009, it was felt that a large number of RRBs had a low Capital to Risk weighted Assets Ratio (CRAR). A committee was therefore constituted in September, 2009 under the Chairmanship of KC Chakrabarty, Deputy Governor, RBI to analyse the financials of the RRBs and to suggest measures including re-capitalisation to bring the CRAR of RRBs to at least 9% in a sustainable manner by 2012 . The Committee submitted its report in May, 2010 . The following points were recommended by the committee: </P> <Ul> <Li> RRBs to have CRAR of at least 7% as of 31 March 2011 and at least 9% from 31 March 2012 onwards . recapitalisation requirement of Rs. 2,200.00 crore for 40 of the 82 RRBs . This amount is to be released in' two installments in 2010--11 and 2011--12 . </Li> <Li> The remaining 42 RRBs will not require any capital and will be able to maintain CRAR of at least 9% ifs on 31 March 2012 and thereafter on their own . </Li> <Li> A fund of Rs. 100 crore to be set up for training and capacity building of the RRB staff . </Li> </Ul> <Li> RRBs to have CRAR of at least 7% as of 31 March 2011 and at least 9% from 31 March 2012 onwards . recapitalisation requirement of Rs. 2,200.00 crore for 40 of the 82 RRBs . This amount is to be released in' two installments in 2010--11 and 2011--12 . </Li> <Li> The remaining 42 RRBs will not require any capital and will be able to maintain CRAR of at least 9% ifs on 31 March 2012 and thereafter on their own . </Li>

On the recommendation of which of the following committee the regional rural bank was set up