Press Information Bureau

Government of India

Ministry of Finance

30-November-2012 17:56 IST

As on 31st March 2012 only three Regional Rural Banks (RRBs) have incurred losses. Number of loss making RRBs has come down from seven in 2010-11 to three in 2011-12.

Overall recovery position of RRBs has improved to 81.60 per cent as on 30 June 2011 from 80.16 per cent as on 30 June 2010.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today.

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DSM/RS/bs

Regional Rural Bank financial performance improves as fewer banks report losses and recovery rates strengthen. Reduction in loss incidence among Regional Rural Banks is reported, with loss-making RRBs decreasing to three as on 31 March 2012. Aggregate recovery improved to 81.60 per cent as of 30 June 2011 from 80.16 per cent as of 30 June 2010, reflecting enhanced recovery performance across the RRB sector.