31 Mar 2015
Mumbai: In the wake of unseasonal rain damaging thousands of acres of standing crops in many states, Nabard said it is committed to supporting regional rural banks and co-operative banks with liquidity support from a specially created Rs 1,600 crore fund.
29 Jan 2015
Mumbai: The Reserve Bank has exempted Regional Rural Banks with assets less than USD 175 million to register with the US Internal Revenue System under Foreign Account Tax Compliance Act (FATCA).
25 Jun 2013
The Reserve Bank of India tightened restrictions on gold lending on Tuesday for regional rural banks and said the restrictions also extend to units of gold exchange traded funds (ETF) and units of gold mutual funds, to tame demand for the yellow metal and rein-in a record high current account gap.
17 Apr 2015
Hyderabad: Noting that the Land Acquisition and several other important Bills would be taken up during the Parliament session resuming this month, Union Minister M Venkaiah Naidu on Friday said the Congress and other opposition parties should help in passing them.
20 Nov 2012
Finance Minister P Chidambaram will meet heads of public sector banks and chief ministers of Southern states on Tuesday in Bengaluru to review the credit needs of the region and the progress of central schemes.
27 Nov 2014
New Delhi: Enthused by initial response, the government has revised upwards target for opening of accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) from 7.5 crore to 10 crore by January 26.
13 Jul 2011
Owing to the pessimistic approach of the states, the UPA Government’s ambitious project to strengthen the Regional Rural Banks (RRB) has proved a damp squib. As a result of the lackadaisical approach of the state, the fund approved by the Centre for the project is lying unutilized and the efforts to raise the agricultural loans have gone in waste. .
07 Jun 2012
The long delayed pension reforms bill could not see the light of the day as the government on Thursday deferred a decision on the changes in the crucial Pension Fund Regulatory and Development Authority Bill, 2011 in the cabinet meeting.
06 Jun 2012
Seeking to dispel the impression of policy inaction, the government is likely to give a push to pension sector reform by approving changes in the proposed PFRDA Bill so that it can be taken up by Parliament for the passage in the Monsoon session next month.
02 Nov 2014
Mumbai: The RBI has directed regional rural and central cooperative banks to partially freeze bank accounts of those customers who have not complied with the Know Your Customer (KYC) norms.