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Govt may bring regional rural banks under a holding company in Budget

Move would improve governance, help lenders raise equity from the market

Topics
Budget 2021 | rural banking | Regional Rural Banks

Nikunj Ohri  |  New Delhi 



banks, bank account, deposit, jan dhan
RRBs were formed under an Act to provide credit to small farmers, agricultural labourers and businesses in rural areas.

The government is working on a policy to bring (RRBs) under a holding company to better govern these lenders and help them raise equity from the market. The intention to further reform the regional space may feature in the Union Budget.

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First Published: Wed, January 20 2021. 06:10 IST

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