Minister of Finance of the Union Nirmala Sitharaman | Photo credit: Shasank Parade
It is likely that the Minister of Finance, Nirmala Sitharaman, reviews the implementation and progress of ‘a state RRB’ one ‘on May 6.
A State RRB will become a reality from May 1 with the consolidation of 15 regional rural banks (RRB) in 11 states to achieve better operational efficiency and cost rationalization.
With this fourth RRB consolidation round, the number would be reduced to 28 of existing 43.
According to the sources, the Minister of Finance is scheduled to hold a meeting with RRBS and review several issues, including consolidation.
The RRB in 11 states -Andhra Pradesh, Uttar Pradesh, West Bengal, Biharat, Jammu & Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan will merge these Sente, for each or the Bosse -inge -one
In Andhra Pradesh, Chaitanya Godavari Grameena Bank, Andhra Praghi Grameena Bank, Saptagiri Grameena Bank and Andhra Pradesh Grameena Vikas Bank sponsored by Union Bank of India, Canara Bank, India Bank and single to be and ahalgamed PRADESH GRAMEENA BANK.
In Uttar Pradesh, Baroda Up Bank, Aryavart Bank and Prathama Up Gramin Bank sponsored by Bank of Baroda, Bank of India and Punjab National Bank will be amalgamated in Uttar Gramin Bank with the central office in Lucknow under sponsorship or bank.
In the case of West Bengal, Bangiya Gramin Vikash, Paschim Banga Gramin Bank and Uttarbanga Kshetriya Gramin Bank sponsored by the National Bank of Punjab, Uco Bank or India will be amalgamated in the west under the bank of the office of the office of the office of the office of the ITSAP office.
In Bihar, Gujarat, Jammu and Kashmira, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan, two RRB in each state of bre m mercked into one.
Posted on April 19, 2025