(a) whether the Government has received the report submitted by RBI Internal
Group regarding restructuring of Regional Rural Banks;
(b) if so, the details thereof alongwith the views made by All India Regional
Rural Bank Employees Association on the report ;
(c) whether the Government is considering the recommendations and views of
various Unions before going for the consolidation process; and
(d) if so, the details thereof ?
MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI P.CHIDAMBARAM)
(a),(b),(c),&(d) : A Statement is laid on the Table of the House.
Statement referred to in reply to parts (a) to (d) of the Lok Sabha Starred
Question No.61 for 25th November 2005 regarding Restructuring of RRBs
tabled by Shri Basudeb Acharia:
(a): Yes, Sir,
(b) to (c): All India Regional Rural Bank Employees Association had furnished, detailed
views on the draft report of the Internal Working Group constituted by the Reserve Bank of
India (RBI)., which was placed in the public domain. Based on responses received, the Report
has been finalized by the RBI. The working Group has made a number of recommendations
which include, inter alia, amalgamation of Regional Rural Banks (RRBs), change of sponsor
bank in certain cases, matters relating to governance, management, regulation and
supervision, and minimum capital requirements for improving the health of RRBs and to
make them viable rural financing institutions. The Government will consider all relevant
aspects before taking any decision.