For the best experience use inshorts app on your smartphone
Government issues draft guidelines for listing of regional rural banks
short by Ambarish Awale / on Sunday, 2 October, 2022
The Finance Ministry issued draft guidelines to enable regional rural banks (RRBs) to raise resources by listing on stock exchanges. According to the guidelines, RBRs would require a net worth of at least ₹300 crore during the previous three years. They should also possess capital adequacy above the regulatory minimum level of 9% in each of the previous three years.
read more at Moneycontrol