Regional Rural Bank Current Affairs, GK & News
The report of the RBI Internal Working Group to Review Agricultural Credit has recommended the Indian Banks’ Association to introduce a web portal on the lines of PSB Loans in 59 Minutes to allow quicker credit access for the agriculture sector. The RBI had announced the setting up of committee in February to review the ..
Union Government amalgamates Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank into a single RRB
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 with effect from January 1. The sponsor banks of the RRBs are National Bank for Agriculture and Rural Development (NABARD), the Government of Punjab and Punjab National ..
Topics: CNX Nifty • Economy of Bihar • Economy of India • India • National Bank for Agriculture and Rural Development • Public Sector Banks in India • Punjab & Sind Bank • Punjab National Bank • Regional Rural Bank • RRB • State Bank of India • States and union territories of India
Government launches PAISA Portal under Deendayal Antyodaya Yojana – National Urban Livelihoods Mission
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 in New Delhi. PAISA Portal It is centralised electronic platform for quicker processing of loans under the Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM). It ..
Topics: DAY-NULM • Deen Dayal Upadhyaya Antyodaya Yojana • Deendayal Antyodaya Yojana • Economy • Homelessness • Ministry of Housing and Urban Affairs • Ministry of Housing and Urban Poverty Alleviation • National Urban Livelihoods Mission • PAiSA Portal • Paisa Region • Portal for Affordable Credit and Interest Subvention Access • Poverty in India • Regional Rural Bank
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 to the one unveiled by RBI for schedule commercial banks. This framework is aimed at enabling RRBs that fail to meet prudential requirements relating to capital adequacy, ..
Topics: Capital adequacy ratio • Capital requirement • Economy • Finance • Money • National Bank for Agriculture and Rural Development • Prompt Corrective Action • Reduced representation bisulfite sequencing • Regional Rural Bank • RRB
The union government has allowed National Bank for Agriculture and Rural Development (NABARD) to disburse Rs 21,000 crore to cash-starved farmers ahead of the sowing season to sow rabi crops like Wheat. NABARD will disburse the money to District Central Cooperative Banks (DCCBs) which will pass it on to the farm cooperatives for meeting crop loan ..