Banking News

Read the full story

Source: Economic Times

Economic Times
Source
Banking Sector
Category
1 min
Read time
25 Aug
Published
Banking Sector
1 min read· Economic Times

RRBs urged to step up digital services and technology adoption

Regional rural banks have been asked to move faster on technology adoption and digital services. The push comes as their combined FY26 net profit touched a record ₹10,176 crore.

The message for regional rural banks, or RRBs, is to accelerate the use of modern technology in their operations. Digital services are also part of this push. The report does not identify particular services or technology systems that banks have been asked to introduce.

Sponsor banks have been tasked with supporting RRBs as they strengthen their information technology infrastructure. This makes their role an important part of the technology push, rather than leaving RRBs to handle the work alone. The report does not spell out how that support will be delivered.

The scale of the sector provides context for the call. Across the 28 RRBs, aggregate business has exceeded ₹13.5 lakh crore. Alongside this business milestone, the record annual net profit marks a financial high for the sector. These figures describe the combined position, not the performance of individual banks.

The report gives no implementation deadline, spending commitment or bank-wise rollout plan. It therefore remains unclear how quickly the call for faster adoption will translate into changes at particular RRBs or their branches.

Source: Economic Times