April 8, 2025 4:47 PM

‘One State, One RRB’: Govt notifies amalgamation of 26 regional rural banks

The Department of Financial Services (DFS) under the Ministry of Finance on Tuesday notified the amalgamation of 26 Regional Rural Banks (RRBs) as part of the fourth phase of RRB consolidation. The move follows the principle of "One State, One RRB" and aims to improve operational efficiency and cost rationalization. The decision, based on an official statement issued by the Ministry, comes after the government initiated a stakeholder consultation process in November 2024. The amalgamation cover...