Consolidation of Regional Rural Banks (RRBs)

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..... Consolidation of Regional Rural Banks (RRBs)
News and Press Release
Dated:- 24-7-2018

Ministry of Finance Posted On: 24 JUL 2018 4:05PM by PIB Delhi With a view to enable Regional Rura .....

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..... l Banks (RRBs) to minimize their overhead expenses, optimize the use of technology, enhance the capital base and area of operation and increase their exposure, the Government has sought comments of re .....

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..... spective State Governments and Sponsor Banks on a roadmap for Amalgamation of RRBs within a State. The roadmap has been prepared in consultation with NABARD and proposes to bring down the number of R .....

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..... RBs to 38 from the present 56. It is expected that the proposed amalgamation of RRBs will bring about better scale-efficiency, higher productivity, robust financial health of RRBs, improved financial .....

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..... inclusion and greater credit flow to rural areas. This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Rajya Sabha today. **** DSM/RM/KA
N .....

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..... ews - Press release - PIB .....

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