New Delhi: Modi government has given Rs 6212.03 crore Regional Rural Bank Below recapitalization Plan till March 6.
Regional Rural Banks (RRBs) are commercial banks owned by? Indian government Who work at the regional level in different states. RRB was established in 1975 to provide basic banking financial Services In rural areas, especially for small and marginal farmers, agricultural labourers, artisans and small entrepreneurs.
There has been a significant improvement in the performance of RRBs, with the consolidated CRAR (capital to risk-weighted assets ratio) as of December 31, 2023, at an all-time high of 13.83 per cent.
Under the scheme, recapitalization assistance is provided to RRBs to maintain a minimum prescribed capital-to-risk (weighted) assets ratio of nine percent.
Indian RRBs have shown the highest-ever consolidated net profit of Rs 4,974 crore in FY 22-23 and net profit of Rs 5,236 crore by Q3 FY 2023-24.
Similarly, credit expansion has led to an increase in the consolidated credit-deposit ratio to 72.13 per cent by 30.09.2023, which is the highest in the last 15 years.
This comes in the backdrop of a 3-year Board-approved Viability Plan (VP) in the financial year 2022-23, with a well-defined implementation mechanism aimed at achieving sustainable viability.
RRBs are important for banking and financial services to rural communities, agricultural activities and small businesses.
There are 43 RRBs in India sponsored by 12 scheduled commercial banks.
Regional Rural Banks (RRBs) are commercial banks owned by? Indian government Who work at the regional level in different states. RRB was established in 1975 to provide basic banking financial Services In rural areas, especially for small and marginal farmers, agricultural labourers, artisans and small entrepreneurs.
There has been a significant improvement in the performance of RRBs, with the consolidated CRAR (capital to risk-weighted assets ratio) as of December 31, 2023, at an all-time high of 13.83 per cent.
Under the scheme, recapitalization assistance is provided to RRBs to maintain a minimum prescribed capital-to-risk (weighted) assets ratio of nine percent.
Indian RRBs have shown the highest-ever consolidated net profit of Rs 4,974 crore in FY 22-23 and net profit of Rs 5,236 crore by Q3 FY 2023-24.
Similarly, credit expansion has led to an increase in the consolidated credit-deposit ratio to 72.13 per cent by 30.09.2023, which is the highest in the last 15 years.
This comes in the backdrop of a 3-year Board-approved Viability Plan (VP) in the financial year 2022-23, with a well-defined implementation mechanism aimed at achieving sustainable viability.
RRBs are important for banking and financial services to rural communities, agricultural activities and small businesses.
There are 43 RRBs in India sponsored by 12 scheduled commercial banks.
(TagstoTranslate)regional rural banks