Fri, Mar 22, 2024
The performance of RRBs has improved significantly, with a consolidated CRAR (Capital to Risk-weighted Assets Ratio) at an all-time high of 13.83 per cent as of December 31, 2023.
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Fri, Apr 08, 2022
More than 34.42 crore beneficiaries have received Rs 18.60 lakh crore loan under the Pradhan Mantri Mudra Yojana (PMMY) since its launch seven years ago, the Finance Ministry said on Friday.
Mon, Oct 05, 2020
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.
Wed, Jul 04, 2018
Currently, there are somewhat 56 RRBs functioning in India, and as on March 2017, these banks recorded credit of about Rs 2,28,599 crore.
Tue, Feb 28, 2017
About 10 lakh bankers have observed one-day strike across India on Tuesday to protest against the government's "anti-people banking reforms" and to press their demands to the government for compensation for the extra work done during the demonetisation period.
Mon, Feb 27, 2017
About nine bank unions of India will go on one-day strike on February 28 this year to protest against the government's anti-people banking reforms.
Sat, Feb 18, 2017
The Reserve Bank has doubled the quantum of loan against gold that could be granted by Regional Rural Banks (RRBs) to Rs 2 lakh, provided the repayment period does not exceed 12 months. Earlier, the RRBs were permitted to grant gold loans up to Rs 1 lakh with bullet repayment option.
Thu, Jan 26, 2017
Post demonetisation, the Income Tax department has started the process of engaging private entities to match the data with I-T return or other information of assessees.
Tue, Jan 03, 2017
RBI said, "On observing that bank notes, being supplied to rural areas, at present, are not commensurate with the requirements of rural population, some steps have already been initiated."
Mon, Jul 18, 2016
30 lakh people have enrolled in the Atal Pension Yojana (APY) so far. Moreover, the Government said that nearly 5000 people are subscribing to the pension plan every day.
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