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regional rural banks

02 Oct 2022

Govt issues draft guidelines for listing of RRBs

As per the draft norms, the responsibility of identifying suitable lenders for issuing initial public offering (IPO) has been left with the respective sponsor banks. RRBs, which play an important role in agriculture credit, are sponsored by Public Sector Banks (PSBs). Currently, the Centre holds 50 per cent in RRBs, while 35 per cent and 15 per cent are with the concerned sponsor banks and state governments, respectively.

24 Apr 2018

Railways receives 2.3 crore applications for 90,000 advertised jobs

The Indian Railways has received more than 2.3 crore applications for nearly 90,000 jobs it had advertised.

17 Feb 2017

RRBs can now extend loan up to Rs 2 lakh against gold

The Reserve Bank has doubled the quantum of loan against gold that could be granted by Regional Rural Banks (RRBs) to Rs 2 lakh, provided the repayment period does not exceed 12 months.

Bank recapitalisation

16 Jul 2015

Govt sanctions Rs 700 cr additional fund for RRB capitalisation

The government sanctioned an additional Rs 700 crore for the recapitalisation of RRBs and extended the validity period for the fund infusion to next fiscal.

02 Dec 2014

Govt nod for changes to law to strengthen regional rural banks

Government Tuesday approved amendments to a law to strengthen capital base and financial stability of Regional Rural Banks (RRBs).

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