Finance Ministry Pushes RRB IPOs: 3 Banks to Submit Plans by March-End

• Finance Ministry directed Haryana Gramin Bank, Kerala Gramin Bank, and Tamil Nadu Grama Bank to submit draft IPO plans by March-end.
• The Centre aims to list at least five RRBs over the next two financial years, with three potentially by FY27.
• Draft IPO blueprints will go to sponsor banks and DFS, followed by valuation and compliance checks (SEBI, RBI).
• Eligibility norms for RRB listing include a minimum net worth of Rs 300 crore and a CRAR above 9% for three years.
• The three identified RRBs reported healthy net profits and CRARs in FY25, with zero net NPAs for Haryana Gramin Bank and Tamil Nadu Grama Bank.

Why It Matters: Finance Ministry accelerates IPO plans for three RRBs, aiming for broader listing by FY27.