Rural Banking

Indian Bank's Sudhir Kumar Gupta outlines how credit, fintech partnerships and startup funding can help Uttar Pradesh move towards a $1 trillion economy

The DFS on Tuesday convened a meeting to review the IPO plans of three regional rural banks-Haryana Gramin Bank, Kerala Gramin Bank and Tamil Nadu Grama Bank

After consolidation, creating a national rural bank holding company, an apex body to oversee governance, capital support, and technology integration across RRBs can be considered

According to the Reserve Bank of India's Annual Report for 2024-25, there has been a significant increase in the number of banking outlets in rural areas over the past decade

NABARD Chairman Shaji KV said on Monday IT integration of recently amalgamated Regional Rural Banks (RRBs) on the principles of 'One State One RRB' is expected to be completed by September 30. The amalgamation of RRBs on the principles of 'One State One RRB' became effective from May 1. This was aimed at improving scale efficiency and cost rationalisation. With this, now, there are 28 RRBs in 26 states and 2 UTs with more than 22,000 branches covering 700 districts. Speaking at a CII event, Shaji said that as of May 1, integration of all the RRBs at the state level has been done, and by September, the IT integration of RRBs is expected to be completed. The chairman said that NABARD (National Bank for Agriculture and Rural Development) is working on building a common digital infrastructure with RRBs. They are rolling out credit infrastructure and government data systems to reach rural populations. However, challenges like low internet bandwidth and awareness exist, but efforts ar

Lenders play a significant role in assimilating the financially weaker sections of the society

Post the latest amalgamation effective May 1, there are 28 RRBs in 26 states and 2 UTs with more than 22,000 branches covering 700 districts

At the inauguration, PM Modi interacted with artisans and was felicitated by Nabard Chairperson Shaji KV

He highlighted that institutional credit to agriculture reached an all-time high of Rs 25.10 trillion during FY24

RRBs reported their highest-ever consolidated net profit of Rs 7,571 crore for FY24, with a gross non-performing assets (GNPA) ratio of 6.1 per cent - lowest in 10 years

Last week, China's interbank watchdog said it would investigate four rural commercial banks for suspected bond market manipulation

Out of 820 million active internet users last year, 370 million used the web for digital banking

The limit for bulk deposits was increased in 2019 for SCBs and SFBs as "single rupee term deposits of Rs 2 crore and above" from Rs 1 crore

Business correspondent firms' revenues are under stress as banks get tough with them to meet targets

From the government's coffers, Rs 5,000 for opening an account for a child born into a poor family will be yet another milestone for financial inclusion, after PMJDY

The issuer received bids in the range of 7.85-7.87 per cent, according to market participants

The exemption dispensation from prior scrutiny and approval of CCI would be available for five years, the Corporate Affairs Ministry (MCA) said

Cooperation Minister Amit Shah on Wednesday asked NABARD to fix targets for financing agriculture sector and rural development for the next 25 years when India will complete 100 years of Independence. Addressing the 42nd Foundation Day of National Bank for Agriculture and Rural Development (NABARD), the minister said all employees of the organisation should be involved in fixing targets. Shah said NABARD, which is engaged in finance and refinance development activities in rural India, should fix its targets keeping in view its past performance and future requirements. He also underlined the need for cooperation among cooperative organisations to promote rural development. Shah said that a nation with 65 per cent rural population cannot prosper without NABARD. "A stage has come today that we cannot imagine rural economy without NABARD," he said, highlighting the achievements of the organisation which played a key role in financing agriculture development and rural infrastructure.

From Ramesh Iyer, VC & MD at Mahindra Financial Services to Rakesh Singh, MD & CEO at Aditya Birla Finance, here is the list of panelists from NBFCs

Scope of their survival is diminishing. Even as the overall business of rural financial institutions has generally been looking up, they are struggling to scale up business volumes