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RBI puts curbs on RRBs lending against gold coins, ETFs

Last Updated: Tuesday, June 25, 2013, 19:14

The Reserve Bank Tuesday tightened norms for lending against gold coins as well as units of gold ETFs and mutual funds by Regional Rural Banks (RRBs) with an aim to curb demand for the precious metal.

Govt introduces Bill to raise capital of RRBs to Rs 500 cr

Last Updated: Monday, April 22, 2013, 22:42

With an aim to strengthen Regional Rural Banks (RRBs), the government Monday introduced a Bill in the Lok Sabha to raise their authorised capital by 100 times to Rs 500 crore.

Govt approves RRB Act amendments seeking equity expansion

Last Updated: Thursday, January 31, 2013, 22:44

Government Thursday approved amendments in the Regional Rural Banks (RRBs) Act, 1976 which seeks to enhance their capital base and to fix the maximum term of government appointed non-official directors at two years.

RRBs asked to open at least 25% branches in unbanked areas

Last Updated: Tuesday, November 06, 2012, 23:10

RBI Tuesday asked regional rural banks (RRBs) to open at least one-fourth of their proposed branches in unbanked parts of the country, a move aimed at increasing financial inclusion.

FinMin looking at further consolidation of RRBs to 55

Last Updated: Sunday, September 02, 2012, 15:28

The Finance Ministry is considering a proposal to further consolidate the number of Regional Rural Banks (RRBs) to 55 for improving their efficiency and to better serve the rural economy.

Karnataka enhances cap on farm loans

Last Updated: Friday, August 10, 2012, 19:09

Close on the heels of waiving loans of farmers up to Rs 25,000, Karnataka Government on Friday enhanced the existing credit limit on farm loans from commercial banks and Regional Rural Banks from Rs 50,000 to Rs one lakh to help the farming community hit by severe drought.

RRBs allowed to open branches in Tier 2 cities without RBI nod

Last Updated: Thursday, August 02, 2012, 22:19

RRBs will be allowed to open branches in Tier 2 centres (with population of 50,000 to 99,999 as per census 2001) subject to certain conditions.

Ensure opening of Aadhaar-enabled accounts: RBI asks RRBs

Last Updated: Wednesday, June 20, 2012, 21:50

The Reserve Bank Wednesday directed Regional Rural Banks (RRBs) to ensure opening of Aadhaar- enabled banks accounts for beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee Scheme and other social security schemes, for facilitating electronic transfers.

RBI to RRBs: Stop charging prepayment penalty on home loans

Last Updated: Monday, June 18, 2012, 21:34

The Reserve Bank Monday asked Regional Rural Banks (RRBs) to stop charging penalty on pre-payment of home loans taken on floating interest rates.

RBI to RRBs: Stop charging prepayment penalty on home loans

Last Updated: Monday, June 18, 2012, 21:34

The Reserve Bank Monday asked Regional Rural Banks (RRBs) to stop charging penalty on pre-payment of home loans taken on floating interest rates.

Cabinet approves Rs 632-cr capital infusion in RRBs

Last Updated: Thursday, June 07, 2012, 23:33

The government Thursday approved Rs 632 crore capital infusion in cash-starved regional rural banks (RRBs) to improve their capital adequacy and lending capacity to the agriculture sector.

Up home loan cap to Rs 10 lakh for priority sector: RBI to RRBs

Last Updated: Friday, April 27, 2012, 21:38

The Reserve Bank on Friday asked all Regional Rural Banks (RRBs) to double the limit for home loans to Rs 10 lakh from Rs 5 lakh for consideration under priority sector lending schemes.