premium
The official added that the government has plans to list at least five RRBs in the next two financial years, of which three may be listed in FY27
The Ministry of Finance has asked three regional rural banks (RRBs) to submit their draft initial public offering (IPO) plans to their respective sponsor banks as well as the Department of Financial Services (DFS) by the end of March, according to a
senior government official who spoke on the condition of anonymity.
The DFS on Tuesday convened a meeting to review the IPO plans of three RRBs — Haryana Gramin Bank, Kerala Gramin Bank, and Tamil Nadu Grama Bank. Senior officials of the RRBs as well as the sponsor banks also attended the meeting.
“The capital planning committee and the sub-committee
