RRBs

Government issues draft guidelines for listing of RRBs; a minimum net worth of ₹ 300 crore required | Tech Reddy

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[ad_1] Regional rural banks must also have capital adequacy above the minimum regulatory level of 9% in each of the three previous years. Regional rural banks must also have capital adequacy above the minimum regulatory level of 9% in each of the three previous years. In a bid to allow regional rural banks (RRBs) to … Read more

Government approves Rs 670 crore recapitalization plan of RRBs to improve capital base | Tech Reddy

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[ad_1] The government on Wednesday approved a Rs 670 crore recapitalization plan for regional rural banks (RRBs) for the next financial year to help them meet regulatory capital requirements. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given its approval for the continuation of the recapitalization process of RRBs … Read more