• July 10, 2019

MoS Anurag Thakur: Roadmap to Bring Down RRBs from 56 to 38

The Minister of State for Finance, Anurag Singh Thakur said in the Lok Sabha that as many as 21 Regional Rural Banks (RRBs) have been amalgamated based on the comments from respective sponsor banks and state governments.

In a written reply he said, with a view to enable the RRBs to minimize their overhead expenses, optimise the use of technology, enhance the capital base and area of operation and increase their exposure, a roadmap for amalgamation of RRBs within a state was prepared in consultation with NABARD.

The minister said the Reserve Bank of India (RBI) has informed that as on March 31, 2019, 1,288 cases related to unauthorised deposit collection were discussed in State Level Coordination Committee (SLCC) meetings, he said in reply to another question.

The Sachet portal of RBI, the online platform for SLCCs that facilitates the public to lodge complaints of financial frauds, has received 5,225 complaints (since the launch of the portal in August 2016) related to non-repayment of deposits and money collected for various kinds of Investment Schemes, he added.



Office of Anurag Singh Thakur

Address : Member of Parliament, Lok Sabha, 14, Janpath, New Delhi - 110001

Phone : (O) 011 2378 2365, (F) 011 2378 2368

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