Regional Rural Bank Current Affairs, GK & News
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 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 ..
Month: Current Affairs - November, 2018
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
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 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
Regional Rural Banks
The nationalization of the banks in 1969 boosted the confidence of the public in the Banking system of the country. However, in the early 1970s, there was a feeling that even after nationalization, there were cultural issues which made it difficult for commercial banks, even under government ownership, to lend to farmers. This issue was ..
Topics: Bank • Central bank • Economy • Finance • Financial services • Karnataka Vikas Grameena Bank • NABARD • National Bank for Agriculture and Rural Development • Regional Rural Bank • Reserve Bank of India • RRB
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 short-term crop loans of up to Rs 3 lakhs to farmers at 7% p.a. during the year 2012-13. A surplus interest subsidy of 3% p.a. will also ..
Month: Current Affairs - September, 2012
Topics: Economy • Finance in India • Kisan Credit Card • Money • National Bank for Agriculture and Rural Development • Regional Rural Bank • Subsidy
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 to launch branches in Tier-II cities with a population of 50,000 to 99,999 as per 2001 census with certain conditions. The decision has been taken to increase ..
Month: Current Affairs - August, 2012
Topics: Bank • Economy • Financial services • Reduced representation bisulfite sequencing • Regional Rural Bank • RRB