Diabytes
RRBs News
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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.
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The Indian Railways has received more than 2.3 crore applications for nearly 90,000 jobs it had advertised.
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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.
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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.
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Government Tuesday approved amendments to a law to strengthen capital base and financial stability of Regional Rural Banks (RRBs).
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