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RRB AMALGAMATION PLAN
Govt plans RRB listings in FY27, two banks to debutState-run banks are preparing for the stock market debut of their sponsored regional rural banks. At least two such banks are expected to l...- Post-consolidation, RRBs' share in GDP to rise to 5.2% by FY30 from 3.7% in FY24: PwC reportIndia's Regional Rural Banks (RRBs) are set to play a growing role, with their business expected to rise to around 5.2 per cent of GDP by F...
- From ATM fees to FD rates: Key financial changes effective May 1, 2025Starting May 1, 2025, significant financial changes will impact banking, including revised ATM charges and deposit interest rates. The 'One...
- Amalgamation of 26 Regional Rural Banks (RRBs) takes effectThe amalgamation of 26 Regional Rural Banks across 11 states and Union territories has taken effect, marking the fourth phase of RRB consol...
- India proposes merging regional rural banks to help them shore up capital, document showsIndia's government has put forward a proposal to consolidate the country's regional rural banks from 43 down to 28. This move aims to bolst...
- Bid to boost farm credit: Regional Rural Banks may get fresh capitalRs 10,000-15,000 crore may be provided to the banks over a span of five years.
- Budget 2020: Govt may infuse fresh capital into regional rural banksThe size of the capital infusion could be in the range of Rs 10,000-15,000 crore, which would be spread over a span of five years. Capital ...
- Govt identifies 3-4 regional rural banks for IPOs; public issue likely this yearAs many as 21 banks were amalgamated in various states in last few months to create a large entity.
- Finance Ministry wants PSU banks to bring down government equity to 52%Recently, the Centre has amalgamated three RRBs -- Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank -- into a single RRB with e...
- Regional Rural Banks lost their lead flagbearer Dilip Kumar MukherjeeDilip Kumar Mukherjee, the face of regional rural banks, passed away on Sunday at the age of 76. He was the secretary general of All India ...
- Centr e asks Bengal to merge 2 rural banks, but State sets own termsState official said the proposed merger will be difficult to execute as these banks are not geographically contiguous- the guiding principl...
- Rural bank cross-merger on cardsThe exercise will be done through a process of amalgamation where two or more entities will be joined together to create a new and bigger b...
- AGVB to add 31 new branches, targets business mix of Rs 9,200 croreRegional rural bank (RRB), Assam Gramin Vikash Bank (AGVB) will to add 31 new branches in this fiscal year to its existing tally of 369 bra...
- Government proposes to merge two RRBs in BengalGovernment proposes to merge two RRBs in Bengal
- Regional Rural Banks' count will reduce to 46 as government starts consolidationThe government has kicked off a major consolidation exercise among regional rural banks, which play an intense role in the country's scheme...
- Centre eyes RRB mergers to increase profitabilityThe equity in the respective RRBs would, in turn, be placed with other sponsor banks, depending on their proximity to RRBs in question.
- Nabard to get into direct retailing of agri-loans with RRBsNABARD is planning to get into direct retailing of agri-loans in deeper pockets of the country's farm belt via co-financing arrangement wit...
- SBI, Central Bank are major sponsors in RRB revival planThe banks would need to make a collective contribution of Rs 635 crore towards the recapitalisation plan. The Centre has finalised a Rs 1,8...
- Regional rural banks may get more freedomA definite move has been initiated to free regional rural banks (RRBs) from direct hand-holding by sponsor-banks and empower their boards b...
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