Finance Minister Nirmala Sitharaman held a review meeting with Regional Rural Banks (RRBs) officials to discuss performance improvements and address challenges.

Finance Minister Nirmala Sitharaman held a review meeting with officials from Regional Rural Banks (RRBs) to discuss improvements in their performance, including financial inclusion in rural areas, raising awareness of government schemes, and enhancing credit flow to small and micro enterprises. The meeting highlighted the need for RRBs to maintain their healthy CASA ratio, leverage local connect, and address challenges such as asset quality, digital services, and corporate governance. Sitharaman also urged the Reserve Bank of India to intervene in resolving pending dues of RRBs from state governments.

August 22, 2024
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