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Government identifies 4 Regional Rural Banks for IPOs

Updated : April 30, 2018 01:18 PM IST

It is proposed to allow strong RRBs to raise capital from the market to enable them increase their credit to rural economy.
In a bid to make RRBs eligible and successfully raise capital from the market, a slew of reforms have been implemented including compliance with corporate governance, technology upgradation and capacity building.
There are 56 RRBs in the country with a combined balance sheet size of Rs 4.7 lakh crore.
Government identifies 4 Regional Rural Banks for IPOs
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