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Sunday, April 10, 2016

Regional Rural Bank Going to Privatise soon

 Finance minister Arun Jetly said  Centra Govt is goin to privatise RRBs through RRB act amendment Bill 2015.It intends to reduce government stake from 50% to only 16%.

Trade union of RRB and AIBOA  protested against this decision of government. Instead of privatise the RRB Trade union of RRB and AIBOA have been demanding  for merger of RRB with sponsored banks.
Union said it will have massive negetive effect on the  functioning of RRB and economic development of rural areas . It is against the interest of the officer and workman of RRB
As on July 2015 only   57 RRB run all over india  and thier number come down from 196.

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