Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
As per the
roadmap prepared by the finance ministry, 15 RRBs operating in various states
would be merged.
Among states that will
see consolidation of RRBs include Andhra Pradesh, which has the maximum number
of RRBs (4), Uttar Pradesh and West Bengal (3 each), and Bihar, Gujarat, Jammu
and Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan (2
each).
In the case of
Telangana, sources said, the issue related with bifurcation of assets and
liabilities of Andhra Pradesh Grameena Vikas Bank (APGVB) between APGVB and
Telangana Grameena Bank have concluded. As a precursor to consolidation, the
capital infusion was done in these RRBs.
The financial year 2021-22 was a watershed year in
the context of RRBs as the Centre decided to infuse `5,445 crore as its share
over a period of two years to facilitate growth capital.
In this backdrop, the performance of RRBs has
improved during 2023-24 and has reached historic highs on several parameters. RRBs posted the highest ever consolidated net
profit of `7,571 crore during 2023-24 and their consolidated capital adequacy
ratio was at an all-time high of 14.2 per cent as on March 31, 2024. The asset
quality measured by GNPA (Gross Non Performing Assets) at 6.1 per cent was the
lowest in the previous 10 years.
The Centre had initiated structural consolidation
of RRBs in 2004-05 which resulted in reduction of such institutions from 196 to
43 till 2020-21 through 3 phases of amalgamation. These banks were formed under the RRB Act, 1976,
with an objective to provide credit and other facilities to small farmers,
agricultural labourers and artisans in rural areas, amended in 2015, whereby
such banks were permitted to raise capital from sources other than the Centre,
states and sponsor banks.
Currently, the Centre holds 50 per cent stake in
RRBs, while 35 per cent and 15 per cent are with the concerned sponsor banks
and state governments, respectively. Even after stake dilution, the shareholding of the Centre and the
sponsor public sector banks together cannot fall below 51 per cent, according
to the amended Act.
As of 31 March 2024,
43 RRBs are operating through a network of 22,069 branches in 26 States and 3
Union Territories (Puducherry, Jammu and Kashmir, Ladakh) covering 700
districts of the country. The pace of
technology adoption has increased as more RRBs have started rolling out digital
services to their customers.
