In a bid to achieve operational efficiency and cost rationalisation, the Finance Ministry has initiated the fourth round of consolidation for Regional Rural Banks (RRBs) and the number of such banks is likely to come down to 28 from 43 at present.
As per the roadmap prepared by the Finance Ministry, 15 RRBs operating in various states would be merged.
Among states that will see consolidation of RRBs include Andhra Pradesh, which has the maximum number of RRBs (4), Uttar Pradesh and West Bengal (3 each), and Bihar, Gujarat, Jammu & Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan (2 each).
In the case of Telangana, the amalgamation of RRBs will be subject to bifurcation of assets and liabilities of Andhra Pradesh Grameena Vikas Bank (APGVB) between APGVB and Telangana Grameena Bank.
This story is from the New Delhi 06November2024 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the New Delhi 06November2024 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Kalki recalls her early years of PREGNANCY
The Actress Gave Birth to Her Daughter in 2020
XO & Mi @ Le Belvedere OPENS ITS DOORS
'Le Belvedere' has long been a symbol of timeless elegance
'I TAKE MY WORK seriously as an actor'
30-year-old actress Lisa Mishra played Harleen Babbar, a headstrong news producer in 2024's 'Call Me Bae'
'As an actor you have LIMITS'
During the promotions, Sonu reflected on the emotional and passionate journey of stepping into the director's chair
Sending out a strong message of peace and inclusion
'HOLLY JOLLY CARNIVAL 2.0'
Satwik-Chirag eye home comfort Sindhu return
INDIA OPEN
Bragging rights & Super Cup for Barca vs Madrid
Real Madrid came out looking for some payback in the latest \"clasico\" against Barcelona but ended up being embarrassed again.
A homecoming for Shami as he returns to Eden Gardens
At 34, he needs careful workload management
Wild ride for Djokovic
Australian Open: Serbian stretched by wildcard Basavareddy
New US sanctions will destabilize global markets, says Russia
The Kremlin said on Monday that the latest round of US sanctions on the Russian energy sector risked destabilising global markets, and Moscow would do everything possible to minimise their impact, Reuters reported.
