In March 2025, the Reserve Bank of India (RBI) granted Regional Rural Banks (RRBs) an additional how many years from financial year 2025 to amortise the additional expenditure arising from the revision in pensions?
RBI Pension Amortisation Extension for RRBs
The Reserve Bank of India (RBI) has provided Regional Rural Banks (RRBs) with additional time to manage the financial impact of revised pension payments.
- Extension Period: RRBs are granted Five additional years.
- Applicability: This extension applies from the financial year 2025.
- Purpose: To amortise the additional expenditure resulting from the revision in pensions.
This decision helps RRBs manage the increased financial burden arising from updated pension liabilities over a more extended period.
Important Questions from RRBs & NABARD
Which institution had launched the project E-Shakti for the digitization of all members of self-help groups in India?
Where is the headquarters of National Bank for Agriculture and Rural Development of India (NABARD) located?
______ came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation.
The novel Self-Help Group Bank Linkage Program (SHG-BLP) project which grew into a dominant micro finance model, was piloted by ______.
What was the main focus of the review meeting of the Regional Rural Banks (RRBs) in New Delhi in August 2024?
