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Centre asks IBA to ready EASE-like plan for regional rural banks

The banks' lobby group has been asked to assist with the preparation of the viability plan for RRBs

Finance ministry, state-run banks discuss 3-year strategic roadmap
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The panel has recommended operational and governance reforms for RRBs that will be based on achievement of operational milestones

Nikunj Ohri New Delhi
Similar to the Enhanced Access and Service Excellence (EASE) for public sector banks (PSBs), the Centre has asked the Indian Banks’ Association (IBA) to prepare a viability plan for regional rural banks (RRBs). 

The IBA has been asked to conduct workshops for discussing the issues regarding preparation of a viability plan for the regional banks, said an official.

At a review meeting between Finance Minister Nirmala Sitharaman and RRB chiefs last month, these lenders were asked to submit a roadmap with implementation timelines for scaling up operations and to ensure deeper penetration.

At a later date, a meeting with

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First Published: Aug 09 2022 | 7:15 PM IST

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