Why is it in the news?
Parliamentary panel recommended IPOs for profitable RRBs.
Category: Economy
Important Points:
● IPO allows companies to raise capital from public
● RRBs recorded ₹7,720 crore profit in FY 2025–26
● GNPA reduced to 5.4%, lowest in 13 years
● Number of RRBs reduced from 196 to 28
● Established under RRB Act, 1976
● Ownership: Centre 50%, Sponsor Bank 35%, State 15%
● RRBs focus on rural and agricultural credit
● Must allocate 75% credit to priority sectors
● Regulated by RBI and supervised by NABARD