one state one RRB - Business Outrank

The Ministry of Finance announced that starting from May 1, 2025, One state will have One regional rural bank. The government has launched a strategic initiative to unify all regional rural banks (RRBs) operating within a state into one unified institution. The state of Andhra Pradesh will start this initiative by merging Chaitanya Godavari Grameena Bank with Andhra Pragathi Grameena Bank and Saptagiri Grameena Bank and Andhra Pradesh Grameena Vikas Bank into a single RRB. The Finance Ministry confirmed the approval of the merger after receiving input from NABARD and the Andhra Pradesh government and sponsor banks Union Bank of India and Canara Bank and Indian Bank and State Bank of India. The government implements this consolidation to serve public interest while promoting regional development and enhancing operational capabilities of participating banks. After the merger the banks will stop their independent operations except for transactions needed to complete the amalgamation process. The newly formed RRB will acquire all the powers together with assets and responsibilities from the merged banks through a simplified structure to deliver better services to rural customers. The reform represents a fundamental advancement to improve rural credit access and banking efficiency while speeding up service delivery throughout India’s rural regions.

What's Hot

Blinkit Delivers Airtel SIM Cards in Just 10 Minutes Across 16 Cities

China to snub UK energy summit amid row over infrastructure projects

Mark Zuckerberg Considered Instagram Breakup Amid Monopoly Fears, Trial Reveals

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: one state one RRB

One State, One Regional Rural Bank (RRB) Reform to Launch on May 1, 2025

Blinkit Delivers Airtel SIM Cards in Just 10 Minutes Across 16 Cities

China to snub UK energy summit amid row over infrastructure projects

Mark Zuckerberg Considered Instagram Breakup Amid Monopoly Fears, Trial Reveals

Canara Bank, HDFC Bank to SBI Rally as Hopes Rise for RBI Rate Cut

Our Picks

Blinkit Delivers Airtel SIM Cards in Just 10 Minutes Across 16 Cities

China to snub UK energy summit amid row over infrastructure projects

Mark Zuckerberg Considered Instagram Breakup Amid Monopoly Fears, Trial Reveals

Most Popular

Blinkit Delivers Airtel SIM Cards in Just 10 Minutes Across 16 Cities

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: one state one RRB