India, May 5 -- The Government of India has issued a release:
To institutionalize performance monitoring and strengthen governance reforms in Regional Rural Banks (RRBs), the Department of Financial Services (DFS) had introduced a three-year Viability Plan covering FY 2021-22 to FY 2024-25. The framework has been instrumental in improving financial performance and strengthening monitoring mechanisms across RRBs. In view of emerging financial sector challenges and the need for continued oversight, DFS has now approved a revised Viability Plan 2.0 for a further period of three years from 2025-26 to 2027-28, aimed at enhancing financial sustainability and long-term competitiveness of RRBs.
The Viability Plan 2.0 comprises a defined set of 30...