Govt to strengthen RRBs; Rs 6200 cr allotted for recapitalisation

As of March 6, the Modi government had allocated Rs 6212.03 crore to regional rural banks as part of the recapitalization initiative. The performance of RRBs has improved significantly, with a consolidated CRAR (Capital to Risk-weighted Assets Ratio) at an all-time high of 13.83 per cent as of December 31, 2023.