One State, One RRB Policy Comes into Effect Today; 15 Rural Banks Merged in 11 States
मुख्य बातें
- •The ‘One State, One RRB’ policy has come into effect from today.
- •Regional Rural Banks have been merged in 11 states.
- •The merger includes states such as Maharashtra, Madhya Pradesh, Uttar Pradesh, Bihar, Rajasthan, Karnataka, Andhra Pradesh, Telangana, Punjab, Haryana, and West Bengal.
- •The primary objective of this decision is to empower the rural economy and consolidate banking services.
The Government of India’s objective of promoting financial inclusion and streamlining banking services has led to the implementation of the ‘One State, One RRB’ (Regional Rural Bank) policy starting today. Under this new policy, 15 Regional Rural Banks operating in 11 states across the country have been merged. The government believes this decision will help improve the efficiency of banking services in rural areas.
The merger includes banks from Maharashtra, Madhya Pradesh, Uttar Pradesh, Bihar, Rajasthan, Karnataka, Andhra Pradesh, Telangana, Punjab, Haryana, and West Bengal. The banks involved in the merger are the Maharashtra Gramin Bank, Madhya Pradesh Gramin Bank, Uttar Pradesh Gramin Bank, Bihar Gramin Bank, Rajasthan Marudhara Gramin Bank, Karnataka Vikas Gramin Bank, Andhra Pradesh Gramin Vikas Bank, Telangana Gramin Bank, Punjab Gramin Bank, Haryana Gramin Bank, and West Bengal Gramin Bank. These banks have been consolidated into a single lead RRB in each respective state.
