Government to work out a revamp plan for regional rural banks

At present there are 43 RRBs in the country, and the government is keen to have one large regional rural bank for each state. "There is a scope for further consolidation and raising capital through the markets," a government official aware of the deliberations said on condition of anonymity.

from Banking/Finance-Industry-Economic Times https://ift.tt/wvgJhFe