‘One State-One RRB’ On Anvil

New Delhi: The Union Finance Ministry will soon implement the ‘One State-One RRB’ plan to achieve operational efficiency and cost rationalisation and consolidation of 43 regional rural banks (RRBs) to 28.

Most of the work related to the issue of consolidation has been completed and the fourth round would happen soon, according to sources. 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).