Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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		&#039;title&#039; =&gt; &#039;Govt plans merger of more regional rural banks by AJ Vinayak&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
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Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Ministry view&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Unions&#039; take&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees&#039; Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;National and state levels&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&amp;rdquo; he said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Substantiating this, he said the RRBs have already grown and have become stronger.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Let the control be there at the national apex organisation.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Independent entity&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;If at all we are independent, then we can take independent decisions and become still stronger.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&amp;rdquo; he said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Credit delivery&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.
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&lt;br /&gt;
&lt;/div&gt;&#039;,
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Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Ministry view&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Unions&#039; take&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees&#039; Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;National and state levels&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&amp;rdquo; he said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Substantiating this, he said the RRBs have already grown and have become stronger.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Let the control be there at the national apex organisation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Independent entity&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;If at all we are independent, then we can take independent decisions and become still stronger.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&amp;rdquo; he said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Credit delivery&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;id&#039; =&gt; (int) 11839,
	&#039;title&#039; =&gt; &#039;Govt plans merger of more regional rural banks by AJ Vinayak&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Ministry view&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Unions&#039; take&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees&#039; Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;National and state levels&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&amp;rdquo; he said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Substantiating this, he said the RRBs have already grown and have become stronger.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Let the control be there at the national apex organisation.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Independent entity&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;If at all we are independent, then we can take independent decisions and become still stronger.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&amp;rdquo; he said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Credit delivery&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
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Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from...&#039;
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It has also sought no-objection certificates from the banks for this move.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees&#039; Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;National and state levels&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&amp;rdquo; he said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Substantiating this, he said the RRBs have already grown and have become stronger.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Let the control be there at the national apex organisation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Independent entity&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;If at all we are independent, then we can take independent decisions and become still stronger.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&amp;rdquo; he said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Credit delivery&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from..."/>
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                <strong>Govt plans merger of more regional rural banks by AJ Vinayak</strong></h1>
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                <div style="text-align: justify"><br /></div><div style="text-align: justify">Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Ministry view</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Unions' take</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees' Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>National and state levels</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&rdquo; he said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Substantiating this, he said the RRBs have already grown and have become stronger.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Let the control be there at the national apex organisation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Independent entity</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;If at all we are independent, then we can take independent decisions and become still stronger.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&rdquo; he said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Credit delivery</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.</div><div style="text-align: justify"><br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f1da062019c-trace').style.display = (document.getElementById('cakeErr67f1da062019c-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f1da062019c-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f1da062019c-code').style.display = (document.getElementById('cakeErr67f1da062019c-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f1da062019c-context').style.display = (document.getElementById('cakeErr67f1da062019c-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f1da062019c-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.
&lt;/div&gt;
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&lt;em&gt;Ministry view&lt;/em&gt;
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In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.
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The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.
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However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.
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Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees&#039; Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.
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&lt;em&gt;National and state levels&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&amp;rdquo; he said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Substantiating this, he said the RRBs have already grown and have become stronger.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Let the control be there at the national apex organisation.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Independent entity&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;If at all we are independent, then we can take independent decisions and become still stronger.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&amp;rdquo; he said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Credit delivery&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
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	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Govt plans merger of more regional rural banks by AJ Vinayak&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Rural Credit&#039;,
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Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Ministry view&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Unions&#039; take&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees&#039; Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;National and state levels&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&amp;rdquo; he said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Substantiating this, he said the RRBs have already grown and have become stronger.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Let the control be there at the national apex organisation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Independent entity&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;If at all we are independent, then we can take independent decisions and become still stronger.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&amp;rdquo; he said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Credit delivery&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;id&#039; =&gt; (int) 11839,
	&#039;title&#039; =&gt; &#039;Govt plans merger of more regional rural banks by AJ Vinayak&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Ministry view&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Unions&#039; take&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees&#039; Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;National and state levels&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&amp;rdquo; he said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Substantiating this, he said the RRBs have already grown and have become stronger.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Let the control be there at the national apex organisation.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Independent entity&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;If at all we are independent, then we can take independent decisions and become still stronger.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&amp;rdquo; he said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Credit delivery&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 11 December, 2011, http://www.thehindubusinessline.com/industry-and-economy/banking/article2706913.ece?homepage=true&amp;amp;ref=wl_home&#039;,
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Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Ministry view&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Unions&#039; take&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees&#039; Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;National and state levels&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&amp;rdquo; he said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Substantiating this, he said the RRBs have already grown and have become stronger.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Let the control be there at the national apex organisation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Independent entity&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;If at all we are independent, then we can take independent decisions and become still stronger.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&amp;rdquo; he said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Credit delivery&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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                <strong>Govt plans merger of more regional rural banks by AJ Vinayak</strong></h1>
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                <div style="text-align: justify"><br /></div><div style="text-align: justify">Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Ministry view</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Unions' take</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees' Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>National and state levels</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&rdquo; he said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Substantiating this, he said the RRBs have already grown and have become stronger.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Let the control be there at the national apex organisation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Independent entity</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;If at all we are independent, then we can take independent decisions and become still stronger.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&rdquo; he said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Credit delivery</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.</div><div style="text-align: justify"><br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f1da062019c-trace').style.display = (document.getElementById('cakeErr67f1da062019c-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f1da062019c-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f1da062019c-code').style.display = (document.getElementById('cakeErr67f1da062019c-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f1da062019c-context').style.display = (document.getElementById('cakeErr67f1da062019c-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f1da062019c-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.
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In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.
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The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.
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However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.
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Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees&#039; Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.
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&amp;ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&amp;rdquo; he said.
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Substantiating this, he said the RRBs have already grown and have become stronger.
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Let the control be there at the national apex organisation.
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Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.
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&amp;ldquo;If at all we are independent, then we can take independent decisions and become still stronger.
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In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&amp;rdquo; he said.
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He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.
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&lt;em&gt;Credit delivery&lt;/em&gt;
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Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.
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Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.
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	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Govt plans merger of more regional rural banks by AJ Vinayak&#039;,
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Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Ministry view&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Unions&#039; take&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees&#039; Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;National and state levels&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&amp;rdquo; he said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Substantiating this, he said the RRBs have already grown and have become stronger.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Let the control be there at the national apex organisation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Independent entity&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;If at all we are independent, then we can take independent decisions and become still stronger.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&amp;rdquo; he said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Credit delivery&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;id&#039; =&gt; (int) 11839,
	&#039;title&#039; =&gt; &#039;Govt plans merger of more regional rural banks by AJ Vinayak&#039;,
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&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Ministry view&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Unions&#039; take&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees&#039; Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;National and state levels&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&amp;rdquo; he said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Substantiating this, he said the RRBs have already grown and have become stronger.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Let the control be there at the national apex organisation.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Independent entity&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;If at all we are independent, then we can take independent decisions and become still stronger.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&amp;rdquo; he said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Credit delivery&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 11 December, 2011, http://www.thehindubusinessline.com/industry-and-economy/banking/article2706913.ece?homepage=true&amp;amp;ref=wl_home&#039;,
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Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from...&#039;
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Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from..."/>
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                <strong>Govt plans merger of more regional rural banks by AJ Vinayak</strong></h1>
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                <div style="text-align: justify"><br /></div><div style="text-align: justify">Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Ministry view</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Unions' take</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees' Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>National and state levels</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&rdquo; he said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Substantiating this, he said the RRBs have already grown and have become stronger.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Let the control be there at the national apex organisation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Independent entity</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;If at all we are independent, then we can take independent decisions and become still stronger.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&rdquo; he said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Credit delivery</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.</div><div style="text-align: justify"><br /></div>               </font>
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<br />
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<div style="text-align: justify">
Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>Ministry view</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>Unions' take</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees' Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>National and state levels</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&rdquo; he said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Substantiating this, he said the RRBs have already grown and have become stronger.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Let the control be there at the national apex organisation.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>Independent entity</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;If at all we are independent, then we can take independent decisions and become still stronger.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&rdquo; he said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>Credit delivery</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.
</div>
<div style="text-align: justify">
<br />
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Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from...',
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	'title' => 'Govt plans merger of more regional rural banks by AJ Vinayak',
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	'description' => '<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>Ministry view</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>Unions' take</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees' Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>National and state levels</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&rdquo; he said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Substantiating this, he said the RRBs have already grown and have become stronger.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Let the control be there at the national apex organisation.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>Independent entity</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;If at all we are independent, then we can take independent decisions and become still stronger.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&rdquo; he said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>Credit delivery</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.
</div>
<div style="text-align: justify">
<br />
</div>',
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Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from...'
$disp = '<div style="text-align: justify"><br /></div><div style="text-align: justify">Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Ministry view</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Unions' take</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees' Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>National and state levels</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,&rdquo; he said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Substantiating this, he said the RRBs have already grown and have become stronger.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Let the control be there at the national apex organisation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Independent entity</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;If at all we are independent, then we can take independent decisions and become still stronger.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,&rdquo; he said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Credit delivery</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.</div><div style="text-align: justify"><br /></div>'
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Govt plans merger of more regional rural banks by AJ Vinayak

Following a move by the Central Government to further amalgamate regional rural banks (RRBs) in the country, employee unions are demanding the formation of a National Rural Bank of India (NRBI), by amalgamating all RRBs and de-linking of RRBs from the sponsor banks. Ministry view In a letter dated November 28 to the chairmen of sponsor banks of RRBs, the Department of Financial Services, Ministry of Finance, said that currently there are a large number of RRBs, sponsored by different banks, functioning in a State. It said that many of the RRBs are very small, with network of less than 100 branches. Unions' take The letter suggests that geographically contiguous RRBs sponsored by different banks within a State could be amalgamated with single sponsor bank. It has also sought no-objection certificates from the banks for this move. However, the employees unions want a two-tier structure, such as the one existing in State Bank of India (SBI), and are demanding an NRBI as well. Explaining this, Mr Vasanth Bannigol, Joint Secretary of the All-India Regional Rural Bank Employees' Association, told Business Line that SBI has a corporate office in Mumbai, and each State has got a local head-office. National and state levels “This two-tier system should be implemented in RRBs also. At the national level there should be NRBI, and each State they should have a State-level RRB,” he said. Substantiating this, he said the RRBs have already grown and have become stronger. Let the control be there at the national apex organisation. Stating that there are conflicting interests between the RRBs and sponsor banks, Mr Bannigol said in some places both of them have their branches. Sometimes it becomes difficult to compete in such a situation. Independent entity “If at all we are independent, then we can take independent decisions and become still stronger. In Karnataka alone, the business of RRBs is more than Rs 26,000 crore. That being the case we must have independent identity and entity,” he said. He suggested that the State and the Central Governments be the owners, and the share capital owned by sponsor banks be taken by Nabard. Credit delivery Endorsing these views, Mr K. S. Bhat, All-India Secretary, Syndicate Bank Staff Association, said that NRBI will help the Government achieve its agriculture growth and financial inclusion targets, and strengthen the credit delivery system of the country. Mr Bhat said that MVS Chalapathi Rao Working Group, Vyas Committee, and the Standing Committee on Finance (Thirteenth Lok Sabha) in its 55th report presented to both Houses of Parliament on December 22, 2003, had also recommended setting up an NRBI.