RRB Current Affairs, GK & News
The central government is planning to carry out the Initial Public Offerings (IPOs) for a few of the regional rural banks. These banks (RRBs) will only be listed on the stock exchanges in the current financial year after assessing their fiscal strength and consolidation of operations. RRB Consolidation To minimize overhead expenditure, increase adoption of ..
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
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 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
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 ..