Ref. No. NB.HO.IDD.RRB Recap./ 710 /RRB-316(Recap)/2022-23
Circular No. 216/IDD-02/2022
29 September 2022
All Regional Rural Banks
Performance of RRBs – Monitoring
Please refer to our circular letter No. NB.HO.IDD/786/Mon.32A/2019-20 (circular No. 299/IDD-06/ 2019) dated 14 November 2019 on the captioned subject, advising the revised review mechanism for monitoring and reviewing the performance of ‘RRBs in Focus’.
2. While the criteria of ‘RRBs in Focus’ remain unchanged for FY 2022-23, we advise that we have made a review of the financial performance of RRBs as on 31 March 2022 (audited) in the light of the above instructions and observe that a total of 16 RRBs (as indicated in the Annexure) fall into the category of ‘RRBs in Focus’ as on 31 March 2022. These banks are, therefore, required to prepare Monitorable Action Plans as per our guidelines dated 14 November 2019, duly synchronized with their Viability Plans (prepared in pursuance of GoI’s letter F.No.7/8/2022-RRB dated 14 September 2022) at the earliest.
3. Banks which were identified as ‘RRBs in Focus’ as on 31 March 2021 (audited) and have come out of the category of ‘RRBs in Focus’ as on 31 March 2022 (audited), may continue to implement their Monitorable Action Plans for FY 2022-23 (if already under implementation) duly synchronized with their Viability Plans and ensure that they do not slip back into the ‘RRBs in Focus’ category.
4. Similarly, the targets under DAP/MoU may also be appropriately synchronized with the targets under various parameters of Monitorable Action Plans and Viability Plans.
5. The other instructions as contained in our circular letter dated 14 November 201 shall remain unchanged.
Please acknowledge receipt.
(J. S. Upadhyay)
Chief General Manager
Enclosure: As above