Functioning of RRBs

Functioning of RRBs Press Information Bureau Government of India Ministry of Finance 18-May-2012 16:22 IST Functioning of RRBs The Government reviews the performance of Regional Rural Banks (RRBs) on an ongoing basis. The Committee constituted by Government under the chairmanship of Dr. K.C. Chakrabarty on Capital to Risk Weighted Assets Ratio (CRAR) has reviewed the performance and the financial position of Regional Rural Banks (RRBs). After assessment of financial position of RRBs the Committee in April, 2010 inter-alia recommended recapitalization of 40 RRBs to improve their CRAR. In view of the recommendations of Dr. Chakrabarty Committee, an amount of Rs. 66.49 crore was released to 5 RRBs during 2010-11 and Rs.402.43 crore has been release to 19 RRBs during 2011-12 as the release of Central Government share is subject to the release of proportionate share by concerned State Government and sponsor bank. As per information reported by NABARD, the total loan issued by RRBs have increased from Rs.56,079 crore during 2009-10 to Rs.71,724.19 crore during 2010-11 registering a growth of 27.89%. This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today. PIB Share and Care For Latest Updates Always visit http://satish24k.blogspot.in For Beautiful Wallpapers Always visit http://24ksatish.blogspot.in