Regional Rural Banks (RRBs), once considered laggards in the banking ecosystem, are slowly coming into their own. For the first time, banks are now considering listing these lenders on the local stock market after the government issued relevant draft guidelines last October.
Bankers say nine RRBs, three from State Bank of India (SBI), two from Indian Bank and one RRB each from Bank of Baroda (BoB), Punjab National Bank (PNB), Canara Bank and Union Bank of India are being considered for a listing in the local stock market.
Source:
Economic Times
