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RRBs consolidate, to achieve better cost rationalisation
Financial Express Hyderabad
|May 02, 2025
THE CENTRE'S ONE state-one Regional Rural Bank (RRB) policy came into effect on Thursday, leading to a reduction in the number of RRBs across states/union territories from 43 to 28.
The consolidation is intended to achieve better operational efficiency and cost rationalisation.
Post amalgamation, the 28 RRBs in 26 states and 2 union territories will have more than 22,000 branches covering 700 districts.
"Amalgamation will enable RRBs to offer enhanced digital services to the customers of RRBs, resulting in improved customer services and product offering through digital channels in rural and semi-urban areas," finance ministry said in a post on 'X'.
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