The RRBs should have a track record of profitability and earned operating profit of minimum Rs 15 crore for at least three out of the previous five years, according to the draft guidelines issued by the finance ministry recently.Besides, there should not be any accumulated loss and the lender should have given return on equity of minimum 10 per cent in three out of the preceding five years, it said.
Market corrections and Warren Buffett’s timeless wisdom: Why investors should rejoice
Seasoned investors, like Anshul Saigal, view recent market corrections as valuable opportunities. Saigal, drawing from Warren Buffett’s philosophy, emphasizes buying quality assets at reasonable valuations