Tuesday, December 27, 2011

RRBs move ahead with technology and consolidation

.......According to Dr N.K. Thingalaya, a regional rural banker who headed an RBI working group on RRBs in 1995, the expansion of service area after amalgamation has helped increase net profits of these banks. Earlier, RRBs were confined to one or two districts. The amalgamation of different RRBs of the same sponsor bank in a State helped the new entity increase business and profits............

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