"The 'One State, One RRB' policy is on the table, and work is underway. We aim to reduce the total number of RRBs from 43 at present to around 30," said a senior government official requesting anonymity.
The official further explained that this will result in the merger of RRBs within a state under one sponsor bank based on performance.
Consequently, each State will have one sponsor bank that will absorb the assets of the other RRBS in that State.
"The quantity or number of RRBs is not important; the quality is very important. There U is a need to enhance technology, including increasing the availability of mobile banking.
The 'One State, One RRB' policy will help with this and also reduce competition among them," the official added.
Diese Geschichte stammt aus der September 07, 2024-Ausgabe von Business Standard.
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