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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 ...
There are two main categories of scheduled banks in India, namely: Scheduled Commercial banks; Scheduled Co-operative banks; Scheduled commercial Banks are further divided into six types, as below:
[7] [8] The sector had five times lower failure rate than other banks during the 2007–2008 financial crisis [9] and more than doubled lending to small businesses between 2008 and 2016, from $30 billion to $60 billion, while lending to small businesses overall during the same period declined by around $100 billion. [10]
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
In 2009, as a regulatory response to the revealed vulnerability of the banking sector in the financial crisis of 2007–08, and attempting to come up with a solution to solve the "too big to fail" interdependence between G-SIFIs and the economy of sovereign states, the Financial Stability Board (FSB) started to develop a method to identify G-SIFIs to which a set of stricter requirements would ...
State Bank of India, Mumbai. In Australia and the United States, a state bank in a federated state is usually a financial institution that is chartered by the government of that state, as opposed to one regulated at the federal or national level.
The parent bank merged in 1969 with Chartered Bank of India, Australia and China and the combined bank became known as Standard Chartered Bank. In 1969 the Standard Bank Investment Corporation (now Standard Bank Group) was established as the holding company of the South African bank.
A state chartered bank cannot have "National" or "Federal" in its name. [citation needed]State banks are chartered and regulated by a state agency (often called the Department of Financial Institutions) in the state in which its headquarters are located.