List of Regional Rural Banks (RRBs) in India

As of June 2014, there are 62 RRBs in India. The number has significantly reduced due to amalgamation of several RRBs. Uttar Pradesh, Andhra Pradesh, Bihar, Karnataka have some of the largest RRBs in India with highest number of branches. Statewise RRBs along with number of branches are provided in the table below. State Name Regional Rural Bank Name Branches Andhra Pradesh Andhra Pradesh Grameena Vikas Bank 543 Andhra Pragathi Grameena Bank 445 Chaitanya Godavari Grameena Bank 131 Deccan...
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Banking News

Is Proposal for Merger of PSU Banks Appropriate?

We come across various reforms made in banking industry very frequently and this time its something big to to made which will make the country’s biggest state-run banks to create much stronger financial institutions. In the recent talks which is taking place in finance ministry over merger and acquisition of smaller public sector banks by their larger peers. The reason behind this debate is that there is significant overlap among various state-owned banks in terms of branches, mode of operation and clients....
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Will Increase in Banks Create New Jobs?

RBI’s decision to allow new players in the banking sector has received a big thumbs up from Indian industry according to the article  published in one of the leading newspaper. This will not only increase the employment opportunities in the banking sector but will also induct new processes and technology, improve efficiency, enlarge the capital base to meet the credit needs of the economy. This decision of RBI comes out with a good news for bank jobs aspirants. But some questions...
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IBPS may conduct Common Interview for June 17, 2012 CWE PO Candidates

Banks are one of the biggest recruiting agencies in the country as it hires for its posts from almost all the streams. But the Recruitment and selection process is a hectic task for Banks as well as for the Candidates. But don’t worry Public sector banks are planning common interview for jobs to make the selection process much easier. IBPS discussed with the Indian finance minister that aspirants those who will clear out the IBPS common written exam (CWE)...
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20,000 Vacancies Upcoming In State Bank of India Next Year

State Bank of India (SBI),Country’s largest banking and financial services company in India by revenue, assets and market capitalisation. It is a state-owned corporation with its headquarters in Mumbai, Maharashtra. The Bank  is set to hire 20,000 staff across both the officer and clerical cadres over the next one year, reports the Hindu Business Line. Public sector bank SBI had 214000 employees on its rolls as of June 2012. As of June this year SBI had 80,329 officers and 95,018 clerks on its rolls. The...
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Impact of Rupee Depreciation

The rupee has depreciated by more than 18 percent since May 2011, moreover with the rupee breaching the 53 dollar mark, profit margins of companies that import commodities or components would come under severe pressure, which could result in price increases for the consumer. The rupee depreciation will particularly hit the industrial sector and put higher pressure on their costs as items like oil, imported coal, metals and minerals, imported industrial intermediate products all are getting affected. Although the...
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SBI to Get Capital Infusion By March 2012

State Bank of India said that Union Finance Ministry has assured that the bank would be adequately capitalized by March 2012, however, the route to re-capitalise it has not been decided yet. Whether it would be a rights issue, preferential or QIP route is still not decided. The Government is the largest shareholder of the bank with holding. Chaudhari said that the government has to take a call on what level of ownership it wants to maintain in the bank. If...
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SBI Ties-Up with ECGC to De-Risk Export Credit Portfolio

State Bank of India has said that it has de-risked its Rs 30,000 crore export credit portfolio by entering into a tie-up with Export Credit Guarantee Corporation. The export credit defaults of SBI will be guaranteed by ECGC and capital requirement for this portfolio shall drop by 80%. Currently the risk weightage for this portfolio is 100% and by going with ECGC, it will drop to 20%.
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ICICI Bank Q2 Financial Results

The key highlights of the ICICI Bank Q2 Results – ICICI Bank has announced a 43% rise in consolidated profit in the September quarter, riding on demand for loans from companies and strong earnings growth at its life insurance subsidiary. Consolidated net profit increased to ,992 crore, beating Bloomberg’s estimate of ,424 crore. Earnings per share rose to from last year. On a standalone basis, profit rose 22% to ,503 crore from ,236 crore last year. The...
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