Home / Business and Economy / Finance Ministry Meets RRB Heads
Finance Ministry Meets RRB Heads
22 Jan
Summary
- Meeting scheduled for January 30 to review RRB performance.
- Consolidation reduced RRBs from 43 to 28 entities.
- Review includes priority sector lending and financial schemes.
A significant meeting is scheduled for January 30, bringing together the finance ministry and the heads of public sector banks and Regional Rural Banks (RRBs). This high-level discussion will focus on evaluating the performance of these banks in the wake of their recent amalgamation.
The consolidation, which took effect in May, has led to a substantial reduction in the number of RRBs, decreasing their total from 43 to 28. This upcoming meeting is the first of its kind since this fourth round of consolidation.
Key aspects to be reviewed include the financial performance of the amalgamated RRBs. Officials will also examine their progress concerning priority sector lending and the effectiveness of various financial schemes implemented by these institutions.
