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RRB CONSOLIDATION
India plans next-gen reforms for regional rural banks to boost efficiency, tech adoptionThe government is poised to overhaul the Regional Rural Banks, spotlighting the importance of innovation and cooperation. This reform initi...- RRB amalgamation: FinMin to hold review meeting with CEOs of PSU banks on January 30The meeting would be chaired by Department of Financial Services Secretary M Nagaraju and likely to be attended by NABARD Chairman, SIDBI C...
- FinMin unveils new logo for Regional Rural Banks to signify a single, unified brand identityOn the principle of 'One State One RRB', the Department of Financial Services, Ministry of Finance, has consolidated 26 Regional Rural Bank...
- 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...
- Railway Ministry to recruit 6,374 technicians to fill vacant posts across all zonesThe Railway Ministry has approved the recruitment of 6,374 technicians across 51 categories, including posts in the signal and telecommunic...
- 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...
- 'One state-one RRB' to be effective from May 1 as FinMin approves consolidation of 15 regional rural banksThe finance ministry is set to consolidate 15 Regional Rural Banks across 11 states starting next month, aiming for enhanced operational ef...
- 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...
- RRB consolidation after FY-end reviewCurrently, there are 43 RRBs supported by a dozen public sector banks with 21,856 branches. The government has maintained that consolidatio...
- Government to work out a revamp plan for regional rural banksAt present there are 43 RRBs in the country, and the government is keen to have one large regional rural bank for each state. "There is a s...
- SBI economists suggest reforms to incentivise regional rural banksLeading Regional Rural Banks (RRBs) are much bigger than most of the SFBs even today, according to a note by Soumya Kanti Ghosh, the group ...
- 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...
- Government begins consolidation of regional rural banks, to bring down tally to 36The Centre has begun consultations with states as they are one of the sponsors of the regional rural banks (RRBs) in the country, a senior ...
- RRBs with assets less than $175 million not to register with FATCAThe Reserve Bank has exempted Regional Rural Banks with assets less than USD 175 million to register with the US Internal Revenue System un...
- Government proposes to merge two RRBs in BengalGovernment proposes to merge two RRBs in Bengal
- ET in Classroom: Regional Rural BanksThe regional rural banks (RRBs) were owned by the central government, the state government and the sponsor bank who held shares in the rati...
- 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.
- Govt facilitating merger of four RRBsExpansion of RRBs is being encouraged by the central government and the consolidation process is being facilitated to ensure that these ban...
- PNB amalgamates regional rural banks in UPAs a part of the government's policy to amalgamate all regional rural banks sponsored by a public sector lender in a state, city-based Punj...
- NABARD constitutes Working Group to study RRB requirementsApex development bank for promotion of agriculture and rural industries NABARD has constituted a Working Group to study the training needs ...
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