India, March 25 -- The Government of India issued the following news release:
Government is reviewing the financial performance of Regional Rural Banks (RRBs) at national and regional levels. The agenda items for the review meetings, inter-alia, include:
Review of the performance of RRBs on Financial Parameters and technology upgradation.
Thrust on Micro Small and Medium Enterprise (MSME) portfolio.
Importance on loan diversification towards Agri-allied, MSME and Retail Sectors.
Financial health of RRBs has improved in the recent years as they have posted highest ever consolidated net profit of rs 7,571 crore during FY 2023-24. Also, the RRBs have shown consistent improvement in key financial parameters like CRAR, deposits, advances, NP...