The Government of India (GoI) has amalgamated three Regional Rural Banks (RRB) — Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank — into a single RRB...
Union Ministry of Housing and Urban Affairs launched ‘PAiSA’ – Portal for Affordable Credit and Interest Subvention Access during National Workshop on Municipal Finance and Urban Planning held...
The National Bank of Agriculture and Rural Development (NABARD) has come out with a ‘Prompt Corrective Action (PCA) Framework’ framework for regional rural banks (RRBs). This is similar...
Regional Rural Banks are a unique category of banks set up to combine the local feel of cooperatives with the professionalism of commercial banks. They were established under...
The Union Cabinet has given its approval to continue interest subsidy to Public Sector Banks (PSBs), Regional Rural Banks (RRBs), Cooperatives Banks and NABARD allowing them to grant...
The RBI has allowed Regional Rural Banks (RRBs) to open branches in Tier-II cities without asking for permit. As per a notification by RBI, RRBs would be allowed...
Farmers in Maharashtra who are yet to obtain loans from cooperative banks can now expect them from commercial banks. The state govt will soon take measures to assist...
Government approved capital infusion of Rs 632 crore in some RRBs (Regional Rural Banks). Objective: To improve CRAR [Capital to Risk (Weighted) Assets Ratio] for RRBs. Thus to...
Prior to the RBI, India’s banking and currency management lacked a dedicated central authority. The Imperial Bank of India (est. 1921) performed some quasi-central banking functions like managing...
