Sunday, August 19, 2012

Amalgamation of regional rural banks: Is this unfair to sponsor banks?

.....The MOF has recently got the consent of the sponsor banks, state governments and consulted NABARD which looks after rural credit. As the sponsor banks are regulated by the Reserve Bank of India (RBI), it would have been appropriate to consult it as well. Be that as it may, DOF has directed sponsor banks in various states to transfer /take over RRBs of other banks as specified by the DOF.... 

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