"The 'One State, One RRB' policy is on the table, and work is underway. We aim to reduce the total number of RRBs from 43 at present to around 30," said a senior government official requesting anonymity.
The official further explained that this will result in the merger of RRBs within a state under one sponsor bank based on performance.
Consequently, each State will have one sponsor bank that will absorb the assets of the other RRBS in that State.
"The quantity or number of RRBs is not important; the quality is very important. There U is a need to enhance technology, including increasing the availability of mobile banking.
The 'One State, One RRB' policy will help with this and also reduce competition among them," the official added.
Denne historien er fra September 07, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 07, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The Maverick Who Founded HBO
Charles Dolan, the pay-television pioneer who won the first cable-TV franchise in Manhattan, founded Home Box Office Inc. and later built Cablevision Systems Corp into the fifth-largest US cable company, has died. He was 98.
Antarctica, North Pole: India's elderly take to extreme travels
Travel among India's senior citizens has evolved over the years with tour agencies observing a rise in demand, especially post-pandemic for adventure and non-traditional international destinations.
Auction of 11 critical mineral blocks called off
The central government has annulled the auction of over half of the 21 critical mineral blocks offered in the fourth round of bidding, citing a poor response, according to a notification from the Ministry of Mines on the MSTC e-commerce portal.
Navi Mumbai Airport Set To Begin Commercial Ops In May 2025: AAHL
International operations to start by July next year; project expected to cost around ₹18,000 crore
Manmohan Singh's economic reforms of the 1990s
The acclaimed \"architect of India's economic reforms\" has gone, mourned by people across political parties and professions, not just economists, civil servants, and journalists.
First Mover Mantra
Why EV leader Tata Motors is thirsting for more competition despite losing market share
Build debt fund portfolio diversified across duration
Take limited exposure to longer-duration funds in coming year
Rely on rolling returns, not point-to-point data
\"Financial planning experts often argue that equity markets outperform fixed deposits over the long term. However, I can demonstrate that a 10-year investment in fixed deposits has delivered higher returns than equity markets,\" declared my friend Mitesh.
Markets Will Likely Take Cue From the Budget
The 2024-25 (FY25) October-December (Q3) quarter earnings are expected to mirror those of the second quarter (Q2), with key sectors grappling with a demand slowdown. The government's approach to the economic downturn and its priorities will become evident in the upcoming Budget, says JIMEET MODI, founder and chief executive officer of Samco Group. In an interview with Sundar Sethuraman, Modi suggests domestic markets will likely stay volatile in calendar year (CY) 2025, influenced by developments in the US markets, inflation concerns, recession risks, and interest rate decisions. Edited excerpts:
Gold, silver ETFs: Alchemists spinning wealth in 2024
Where investors find philosopher's stone, with ₹19,000 crore inflow in first 11 months of 2024
