In a bid to strengthen capital base, the union government has provided Rs 670 crore to Regional Rural Banks considering their importance in agriculture finance during these difficult times
Regional rural banks (RRBs) as a group reported net loss of Rs 2,206 crore in the fiscal year ended March 31, 2020, as against Rs 652-crore net loss in FY19, according to data published by Nabard
Brings 25 million farmers under concessional loan scheme; experts say these measures do nothing to address basic problem of low farm prices and falling demand
To tap RBI refinance window for funding to RRBs etc
This is, in a way, an extension of the recapitalisation plan that was to end this financial year (April 2019 to March 2020, of FY20)
This is despite their strong branch network and plans to expand retail banking operations; PSB lead race, accounting for 70% of such accounts opened in the state
IBPS RRB result 2019: The main examination was conducted on September 30, 2018, for Officers Scale I, II and III and on October 7, 2018, for Office Assistant posts
IBPS RRB 2019: The exam will be held to fill up 8,400 posts at various Regional Rural Banks in the country. All you need to know about IBPS RRB 2019 exam pattern, important dates and other details
The bank consolidation exercise is going on as the objective is to bring the number of RRBs to 38 from the current 45
The roadmap proposes to bring down the number of RRBs to 38 from 56, said Anurag Singh Thakur
Tamil Nadu Grama Bank reported around Rs 21,000 crore of business with 625 branches
The exemption would help ensure that these transactions close quickly