Govt to restructure 196 RRBs

  • 17/06/2004

  • Business Standard (New Delhi)

The spotlight of forthcoming Union Budget will be on regional rural banks (RRBs) and cooperative banks. Finance minister P Chidambaram is expected to announce a detailed restructuring package for 196 RRBs and 2,104 urban cooperative banks and reposition them to step up credit flow into the rural sector. The government is also set to redefine the role of Nabard in the budget.