New Delhi: Finance minister Nirmala Sitharaman on Friday mentioned that Regional Rural Banks (RRBs) ought to proceed their give attention to flagship schemes of the Central authorities reminiscent of PMJJBY, PMSBY, PM SVANidhi, Atal Pension Yojana, PM Jan Dhan Yojana, PM Mudra Yojana, KCC, KCC Animal Husbandry & Fisheries, and purpose for his or her saturation.
Chairing a evaluation assembly with chairpersons and senior officers of RRBs from the southern area in Chennai, Sitharaman mentioned that RRBs and sponsor banks ought to enhance their present and financial savings account (CASA) ratio.
Sitharaman additionally highlighted the CD ratio, gross NPAs, and provision protection ratio (PCR) of RRBs.
The assembly was attended by secretary, Division of Monetary Companies (DFS), senior RBI officers and senior finance division officers of Tamil Nadu, Andhra Pradesh, Telangana, Kerala, Puducherry and Karnataka.
“The Union Finance Minister acknowledged that higher adoption of expertise, Mortgage Administration System and Core Banking System needs to be finished in a time-bound method within the #RRBs of the Southern area,” the finance ministry mentioned in a tweet after the assembly.
The finance minister additionally mentioned that RRBs ought to give attention to rising digitally lively clients consistent with the federal government’s effort to maneuver in the direction of higher digitalisation.
The minister added that the sponsor banks ought to map RRBs with MSME clusters and enhance their presence in these clusters, whereas devising revolutionary merchandise for serve MSMEs in a greater approach.
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Up to date: 04 Aug 2023, 07:43 PM IST
Supply: Live Mint