नवीनतम
FM to review progress of ‘One state-one RRB’ on May 6
NEW DELHI [Maha Media]: Finance Minister Nirmala Sitharaman is likely to review the implementation and progress of ‘One state-one RRB’ on May 6.
One state-one RRB will become a reality from May 1 with consolidation of 15 Regional Rural Banks (RRBs) across 11 states to achieve better operational efficiency and cost rationalisation. With this fourth round of consolidation of RRBs, the number would reduce to 28 from the existing 43.
According to sources, the Finance Minister is scheduled to hold a meeting with RRBs and review various issues including consolidation.
RRBs in 11 states - Andhra Pradesh, Uttar Pradesh, West Bengal, Bihar, Gujarat, Jammu & Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan - are to be merged into one entity, for each of these to realise the goal of One state-one RRB.
