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RRBS ACT
Govt issues draft guidelines for listing of RRBs; minimum net worth of Rs 300 cr requiredThe RRBs should have a track record of profitability and earned operating profit of minimum Rs 15 crore for at least three out of the previ...02 Oct, 2022, 11.06 AM IST- Govt drafts rules for IPOs of regional rural banksRRB’s planning to make an initial public offering to raise capital must have at least Rs 300 crore of net worth for the previous three year...16 Sep, 2022, 06.12 AM IST
- 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.28 Jul, 2019, 08.32 PM IST
- 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 ...23 Sep, 2018, 04.43 PM IST
- Cabinet likely to consider capital infusion in RRBs tomorrowThe recapitalisation process started in 2010-11. The share of central government in respect of some RRBs could not be released in the absen...03 Jul, 2018, 07.25 PM IST
- Government identifies 4 RRBs for IPOs; public issue likely this yearThere are 56 RRBs in the country with a combined balance sheet size of Rs 4.7 lakh crore.30 Apr, 2018, 03.07 PM IST
- Modi government sanctions Rs 700 crore additional fund for capitalisation of regional rural banksThe government today sanctioned an additional Rs 700 crore for the recapitalisation of weak regional rural banks (RRBs).16 Jul, 2015, 03.26 PM IST
- Lok Sabha passes bill to raise authorised cap of RRBs to Rs 2,000 croreThe amendment to raise the authorised capital of RRBs from Rs 5 cr to Rs 2,000 cr will strengthen these institutions and further deepen fin...22 Dec, 2014, 08.19 PM IST
- Bill in Lok Sabha to enable Regional Rural Banks to raise funds from marketRegional Rural Banks (Amendment) Bill, 2014, which was tabled by Arun Jaitley, seeks to raise authorised capital of RRBs from Rs 5 cr to Rs...18 Dec, 2014, 11.25 PM IST
- Cabinets clears amendments to key bills including Companies Act, comprehensive legislation on hijackingThe amendments to Companies Bill are aimed at addressing issues raised by stakeholders such as chartered accountants and professionals.03 Dec, 2014, 12.02 PM IST
- RBI directs rural banks to become member of credit info companiesThe RBI directed RRBs to take immediate steps to become member of at least one of the credit information companies.24 Jul, 2013, 10.56 PM IST
- PSBs will get to sever ties with regional rural banksThe government may allow public sector banks to exit from regional rural banks, or RRBs, they sponsored if they are not keen on investing m...19 Jan, 2011, 01.54 AM IST
- 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...17 Aug, 2010, 04.13 AM IST
- RRB takeover: Not an easy pickCorporates will have a tough time realising their dream of securing bank licences going by the tough conditions that the central bank has p...12 Aug, 2010, 04.01 AM IST
- RBI for restoration of tax benefits to RRBsA RBI task force makes the recommendation for making RRBs viable rural financing institutions and to increase their operational efficiency.27 Jul, 2007, 09.32 PM IST
- RRBs can now join insurance play, but can’t take any riskReserve Bank of India has come out with norms for regional rural banks (RRBs), enabling them to take up corporate agency of insurance compa...04 May, 2007, 12.52 AM IST
- RRBs allowed to enter insurance bizThe RBI on Thursday allowed regional rural banks (RRBs) to take up insurance biz without prior approval.03 May, 2007, 07.45 PM IST
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