The Centre is bringing stakeholders on board and aims to complete the process by the end of FY25, according to a source familiar with the matter.
"The work on 'One State, One RRB' is progressing rapidly, and we expect to complete it by the end of this financial year. This will co-occur across different states. We've already onboarded the states and regulators, including the Reserve Bank of India and the National Bank for Agriculture and Rural Development," said a senior official.
Business Standard reported on September 6 that the Union finance ministry is planning to consolidate RRBs under the 'One State, One RRB' policy to improve efficiency and reduce competition among sponsoring public sector banks .
Denne historien er fra September 20, 2024-utgaven av Business Standard.
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Denne historien er fra September 20, 2024-utgaven av Business Standard.
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