DFS Secretary Reviews RRBs' Performance, Merger Plan Progress

06 May 2025 CW Team

M Nagaraju, Secretary, Department of Financial Services, Ministry of Finance, reviewed performance of Regional Rural Banks (RRBs) and progress on amalgamation plan in Mumbai.

Chairman, NABARD and officials of DFS, Sponsor banks, SIDBI, Reserve Bank of India and Chairpersons of all RRBs were also present.

With the implementation of One State-One RRB, RRBs have been urged to leverage its lending in Agriculture and allied activities, MSME and Government sponsored schemes. RRBs have grown in their reach to more than 22,000 branches, covering 700 districts of the country and more than 92 per cent of its branches are in rural/semi urban areas. RRBs have recorded consolidated net profit of Rs 71.48 billion in FY 2024-25. Gross Non-Performing Assets (GNPA) has reached a new low of 5.3 per cent, lowest in a decade period. Secretary, DFS urged the rural banks to continue to focus on their amalgamation process and long-term sustainability.98

Secretary, DFS asked Sponsor Banks to guide RRBs in their amalgamation process and provide level playing field for long term sustainability. Sponsor banks should continue to facilitate technology upgradation in RRBs and to complete integration process adhering to the strict timelines of 30-09-2025. He also suggested Sponsor Banks and RRBs to also address HR related issues emerging in the process.

He asked sponsor banks and RRBs to recognise the challenges that lie ahead. Sponsor banks in consultation with RRBs to draft a roadmap for RRBs for next 5 years.

News source: PIB

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..