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Extension of Scheme of Recapitalisation of Regional Rural Banks to improve their Capital to Risk weighted Assets Ratio

Dated:- 16-7-2015 - The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for extension for the next three years, that is upto 2016-17 of the scheme of recapitalisation of weak Regional Rural Banks (RRBs). Thes .....

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RRBs which will enable them to play a greater role in financial inclusion and meeting the credit requirements of rural areas. Presently there is a Budget provision of ₹ 15 crore for recapitalization of RRBs. After this approval for extension of .....

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sufficient institutional credit for the rural and agriculture sector. RRBs are jointly owned by Government of India, concerned State Government and Sponsor Banks with the issued capital shared in the proportion of 50 percent, 15 percent and 35 perce .....

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