New Delhi, May 13 (IANS) AI‑driven credit models could unlock an estimated credit gap worth $130–170 billion in economic value and reduce MSMEs’ reliance on informal lending, the government said on Wednesday, adding that India’s financial‑inclusion push is being reshaped by the convergence of a strong Digital Public Infrastructure and artificial intelligence.AI models, leveraging consent‑based data sharing and advanced analytics, can strengthen credit assessment and risk management, …
Latest Regional Rural Banks News & Updates
New Delhi, May 5 (IANS) The Department of Financial Services (DFS) on Tuesday approved a revised Viability Plan 2.0 for Regional Rural Banks (RRBs) for the period 2025-26 to 2027-28, aiming to strengthen financial sustainability, governance, and long-term competitiveness.The move builds on the earlier three-year viability framework implemented between FY22 and FY25, which played a key role in improving financial performance and institutionalising monitoring mechanisms across RRBs.“The framewor…
Agartala, May 2 (IANS) Tripura Gramin Bank (TGB), one of the leading financial institutions among India’s 28 Regional Rural Banks (RRBs), has reported a net profit of Rs 184.84 crore for the financial year 2025–26, marking its 14th consecutive year of profitability, top officials said on Saturday.TGB Chairman Satyendra Singh said that in terms of business growth, performance and overall achievements, the bank has secured the second position among the 28 RRBs in the country, next only to Tela…
Agartala, Feb 3 (IANS) Tripura Gramin Bank (TGB), one of the leading financial institutions among India’s 28 Regional Rural Banks (RRBs), launched its first-ever co-branded ‘RuPay Credit Card’ in collaboration with its sponsor bank, Punjab National Bank (PNB). A bank official said on Tuesday that TGB has achieved the distinction of becoming the first RRB among the eight RRBs sponsored by PNB, and the first in the country, to roll out a co-branded ‘RuPay Credit Card’, marking a signific…
New Delhi, Jan 31 (IANS) The total business of 28 Regional Rural Banks (RRBs) has crossed Rs 12 lakh crore in the first half this fiscal (FY26), according to the government.Currently, 28 RRBs are operating through 22,158 branches across 26 states and three Union Territories, covering about 730 districts.“Total business of all 28 RRBs has crossed Rs. 12 lakh crore, surpassing business level of few individual PSBs in the 1st half of Financial Year 2025-26,” according to Finance Ministry.These …
New Delhi, Jan 29 (IANS) Finance Minister Nirmala Sitharaman on Thursday said the Economic Survey 2025-26 reflects the healthy banking fundamentals, achieved due to the various banking reforms undertaken by Prime Minister Narendra Modi’s government in the last decade.The Gross Non-Performing Asset (GNPA) ratio of scheduled commercial banks has fallen to a multi-decadal low of 2.2 per cent as of September 2025, marking a clear break from earlier stress cycles, the Finance Minister said in a ser…
New Delhi, Jan 21 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the Atal Pension Yojana (APY) up to the financial year 2030-31 along with extension of funding support for promotional and developmental activities and gap funding.”The scheme will continue up to 2030-31 with Government support for Promotional and Developmental activities to expand outreach among unorganised workers, including awareness and capacity building. Gap funding…