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A review of the RRBs in August 2009 by the Union Finance Minister revealed that a large number of RRBs had a low Capital to Risk weighted Assets Ratio (CRAR). A committee was constituted in September 2009 under the chairmanship of K C Chakrabarty, [4] the deputy governor of the Reserve Bank of India (RBI) to analyse the financials of the RRBs and suggest measures, including re-capitalisation ...
The cooperative banking sector had 20% market share of the European banking sector, but accounted for only 7% of all the write-downs and losses between the third quarter of 2007 and first quarter of 2011. Cooperative banks were also over-represented in lending to small and medium-sized businesses in all of the 10 countries included in the report.
The National Bank for Agriculture and Rural Development (NABARD) is an All India Development Financial Institution (DFI) [4] and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India. [5]
The proposed merger would create the fourth largest public sector bank in the country with total business of ₹ 15.20 lakh crore (US$180 billion) and 10,324 branches. [8] [9] The Board of Directors of Canara Bank approved the merger on 13 September. [10] [11] The Union Cabinet approved the merger on 4 March 2020.
Priority sector lending is lending to those sectors of the economy which may not otherwise receive timely and adequate credit. This role is assigned by the Reserve Bank of India to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro- and small enterprises, education, housing for the poor, and other low-income ...
RRB may refer to: The Indian Railway Recruitment Board; The U.S. Railroad Retirement Board; Regional Rural Banks, a type of financial institution in India
Almost 43 million Americans carry student loan debt. Forbearance and deferment are two ways borrowers can freeze their payments. Here are some factors to consider before requesting either one.
The entry requirement for this category would also be low. The banks would primarily issue loans and would be allowed only to accept deposits larger than INR 5 Crore(₹50,000,000). [4] The panel proposed that every adult Indian be granted a Universal Electronic Bank Account (UEBA) by January 2016.