Rural Banking News - Latest Updates & Headlines
Centre notifies amalgamation of 26 Regional Rural Banks
New Delhi, April 8: The Finance Ministry's Department of Financial Services has notified the amalgamation of 26 Regional Rural Banks (RRBs) on the principles of 'One State One RRB' as part of the fourth phase of the continuing exercise to improve efficiency, according to an official statement issued on Tuesday.
India's business correspondence sector to cross Rs 147 billion by FY2025: Report
New Delhi, April 6: India's Business Correspondent (BC) sector will cross Rs 147 billion by financial year 2025 (FY25), charting an impressive 19 per cent compound annual growth rate (CAGR), said a report by BLS E-Services.
Financial inclusion: India's business correspondent sector to cross Rs 147 billion in FY25
New Delhi, April 4: Driven by rising rural banking demand, government-led financial inclusion schemes, and digital innovation, India’s business correspondent sector was set to surpass Rs 147 billion in FY25, a report showed on Friday.
Regional Rural Banks in robust health with record profits: Govt
New Delhi, March 25: The financial health of the Regional Rural Banks (RRBs) has improved in recent years as they have posted the highest-ever consolidated net profit of Rs 7,571 crore during FY 2023-24, the Parliament was informed on Tuesday.
BoB sanctions over Rs 3,300 crore in agri loans after conclusion of 7th Edition of 'Baroda Kisan Pakhwada'
New Delhi, January 23: Bank of Baroda (BoB), a major public sector bank, concluded the 7th edition of its flagship rural outreach programme, 'Baroda Kisan Pakhwada', sanctioning agriculture loans worth more than Rs 3,300 crore, the Bank said in a release on Thursday.