CAG not OK with Gurgaon Gramin Bank merger plan

The move to bring Gurgaon Gramin Bank (GGB), one among the most profitable regional rural banks in the country, under the Rohtak headquartered Haryana Gramin Bank has received a setback with Comptroller and Auditor General of India (CAG) seeking a response from the National bank for Agriculture and Rural Development(NABARD) on why a financially strong and better performing bank is being brought under a weaker one. The proposal is being pushed by CM Bhupinder Singh Hooda.