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Govt revives IPO plans for RRBs, asks sponsor banks to identify candidates

Sponsor banks - that hold about 35 per cent in RRBs - have been asked to handhold regional lenders at all stages from identification of merchant bankers to the conclusion of IPO

Topics
Regional Rural Banks | IPOs | IPO

Nikunj Ohri  |  New Delhi 



Illustration
Illustration: Binay Sinha

The Union government has asked sponsor to identify (RRBs) that can be listed on the exchanges based on defined criteria, reviving an earlier plan to come up with initial public offering (IPO) of such lenders.

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First Published: Tue, July 19 2022. 06:10 IST

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