Page 3 - Regional Rural Banks

Top Headlines: FPIs cut stake in BSE firms, pharma eyes $400 bn turnover

The Centre's recent move to impose GST on services rendered by the markets regulator, Securities and Exchange Board of India (Sebi), has rattled FPIs

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

Top Headlines: Windfall tax review, rising medical devices import and more

India's medical devices imports surged 41 per cent to touch Rs 63,200 crore in 2021-22, led by a 48 per cent year-on-year (YoY) jump in imports from China. Read more in our top headlines

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

Govt in talks with RBI to let RRBs tap credit depository to help prune NPAs

The Centre is thinking of allowing RRBs to invest in perpetual debt instruments issued by other banks, including RRBs

RBI ups limits on housing loans from co-op banks, backs affordable housing

The RBI monetary policy committee, in its policy review, decided to permit the rural cooperative banks (RCBs) to finance residential real estate projects

NABARD to raise Rs 3.5 trn in FY23; bond issuance seen at Rs 45,000 cr

Nabard will work on a viability plan for 22 regional rural banks in the next six months to address issues of capital adequacy, business growth and human resources

Regional rural banks may also be allowed to turn into SFBs: SBI Research

In fact, some of the large RRBs are bigger than the SFBs currently operating in the market

SBI-controlled RRBs see four-fold jump in net profit at Rs 1,004 cr in FY21

As a planned strategy to diversify the portfolio, RRBs expanded their housing loans by 20.35 per cent, while gold loans grew 91.73 per cent

Recapitalisation plan in the works for India Post Payments Bank

Viability plan includes Rs 2,000-crore infusion

Top headlines: RBI backs NPCI-type agency for fintechs, how green are EVs?

From RBI backing the creation of an NPCI-type agency for fintechs to the road ahead for electric cars in India, read today's top news stories at Business Standard

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

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

RBI proposes liquidity enhancing measures for RRBs, directions to come soon

After banks and NBFCs, the Reserve Bank of India (RBI) has now decided to facilitate a more efficient liquidity management in Regional Rural Banks

Govt provides Rs 670-crore support to RRBs to meet regulatory capital

In a bid to strengthen capital base, the union government has provided Rs 670 crore to Regional Rural Banks considering their importance in agriculture finance during these difficult times

Regional rural banks incur net loss of Rs 2,206 crore in FY20: Nabard

Regional rural banks (RRBs) as a group reported net loss of Rs 2,206 crore in the fiscal year ended March 31, 2020, as against Rs 652-crore net loss in FY19, according to data published by Nabard

Govt pumps Rs 30,000 crore into Nabard, offers Rs 2-trn loan to farmers

Brings 25 million farmers under concessional loan scheme; experts say these measures do nothing to address basic problem of low farm prices and falling demand

Nabard to review fundings of Regional Rural Banks, co-op banks on April 20

To tap RBI refinance window for funding to RRBs etc

CCEA approves Rs 1,340-cr recapitalisation for weak regional rural banks

This is, in a way, an extension of the recapitalisation plan that was to end this financial year (April 2019 to March 2020, of FY20)

Small finance banks lag in opening Jan Dhan Yojana accounts in Odisha

This is despite their strong branch network and plans to expand retail banking operations; PSB lead race, accounting for 70% of such accounts opened in the state

IBPS RRB result declared on ibps.in: Here are steps to download result

IBPS RRB result 2019: The main examination was conducted on September 30, 2018, for Officers Scale I, II and III and on October 7, 2018, for Office Assistant posts