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AMALGAMATION OF RRBS
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...- RRBs' IT integration to be completed by Sep 30: NABARD ChairmanNABARD is spearheading the IT integration of amalgamated Regional Rural Banks, expected to be completed by September 15, to enhance efficie...
- 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...
- 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...
- '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...
- Regional Rural Bank mergers exempted from CCI ApprovalA similar relief was granted by the corporate affairs ministry in 2017 for a five-year period. The latest move comes at a time when the gov...
- 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...
- Government asks RBI to suggest on PSU Bank mergerThe minister in a written reply to the Rajya Sabha said that there is no timeline has been fixed for merger of the public sector banks.
- RRBs told to follow 9% capital adequacy rule from this yearRBI has directed all regional rural banks to follow the minimum 9% capital adequacy rule from this year, marking the end of their transitor...
- RBI directs regional rural banks to keep 9% CRAR from this yearRBI said the rule was made applicable to banks in India with a view to strengthening their capital base.
- 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...
- Finance Ministry looking at further consolidation of RRBs to 55The Finance Ministry is considering a proposal to further consolidate the number of Regional Rural Banks (RRBs) to 55 for improving their e...
- 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.
- West Bengal gives nod for RRB merger with sponsor banksThe West Bengal government has finally given in-principle clearance for amalgamation of regional rural banks (RRB) in the state.
- Bank consolidation set to gain pace this yearBig is beautiful is the singular message from the Reserve Bank of India (RBI) which has come strongly in favour of consolidation in the ban...
- RRB amalgamation splits West Bengal govt, banksThe amalgamation of regional rural banks (RRBs) in West Bengal has taken a curious turn.
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