Nairobi, Nov. 8 -- The Treasury and the Central Bank of Kenya (CBK) are in talks for consensus after a sharp fallout over the deadline for commercial banks to raise the minimum core capital to Sh10 billion.

Treasury Cabinet Secretary (CS) John Mbadi confirmed ongoing discussions with CBK Governor Kamau Thugge after his earlier statement extending the compliance deadline to 2032 from 2029 and scrapping the CBK's staggered approach to meeting the capital threshold over five years.

Published by HT Digital Content Services with permission from Business Daily....