Topic: Regional Rural Bank
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...
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...Prompt Corrective Action framework developed by NABARD for RRBs
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
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...Union Cabinet’s approval to interest subsidy for farmer loans
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...RRBs can launch branches in Tier-II cities without RBI permission
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 to avail loans directly from commercial banks
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...Union Cabinet approves Rs 632 crore capital infusion in RRBs
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...Rural banks told to double home loan limit for priority sector
The RBI has demanded all RRBs (Regional Rural Banks) to double the limit for home loans to Rs 10 lakh from Rs 5 lakh for lending for the...
