"In the meeting that happened on August 19, there was some discussion related to market opportunities for RRBs. Some sponsor banks said that a few RRBs are performing so well that they can go to the market for fundraising," said a senior person in the finance ministry.
The meeting, chaired by Sitharaman, was attended by Department of Financial Services (DFS) secretary-designate M Nagaraju, the department's additional secretary and other senior officials; representatives from the Reserve Bank of India (RBI), Small Industries Development Bank of India (Sidbi), and National Bank for Agriculture and Rural Development (Nabard); chairpersons of RRBs; and chief executive officers (CEOs) of sponsor banks.
This story is from the August 29, 2024 edition of Business Standard.
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This story is from the August 29, 2024 edition of Business Standard.
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