By Admin 
Rrb merger: One State-One RRB (Regional Rural Bank) The number of rural banks in the country will be reduced to 28 from May 1 under this policy of the government. The Finance Ministry has decided to merge 15 regional rural banks in 11 states to make banking service better and economical in rural parts of the country. To improve the operation of banks, regional rural banks will be merged for the fourth time in the country.
These are 11 states
Under the notification, 11 states – Andhra Pradesh, Uttar Pradesh, West Bengal, Bihar, Gujarat, Jammu and Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan will now have only one RRB. In this way, they will be strengthened by the integration of the regional rural banks present in every state. That is, now every state will have only one RRB, which will work to provide banking service in rural parts there.
- Suppose- Union Bank of India, Canara Bank, Indian Bank and State Bank of India will make a single RRB by mixing sponsored Chaitanya Godavari Gramin Bank, Andhra Pragati Gramin Bank, Saptagiri Gramin Bank and Andhra Pradesh Rural Development Bank, which will be called Andhra Pradesh Gramin Bank. According to the notification, the head office of this new unit will be in Amravati and the sponsorship will be under the Union Bank of India. Every three RRB will also be merged in states like Uttar Pradesh and West Bengal.
- Baroda UP Bank, Aryavat Bank and Prathama UP Gramin Bank in Uttar Pradesh will be made Uttar Pradesh Gramin Bank, whose head office will be Lucknow and Sponsor Bank of Baroda will be done.
- In West Bengal, Bangi Rural Development, West Bang Grameen Bank and Uttarabanga Regional Rural Bank will be made West Bengal Gramin Bank.
- In eight states – Bihar, Gujarat, Jammu and Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan, two RRBs will be merged into one. Under the sponsorship of Punjab National Bank, South Bihar Gramin Bank and North Bihar Gramin Bank will be made Bihar Gramin Bank.
- Gujarat Gramin Bank and Saurashtra Gramin Bank will be made Gujarat Gramin Bank in Gujarat. Its head office will be in Vadodara and Sponsor Bank of Baroda.
- Jammu and Kashmir Gramin Banks will be formed in Jammu and Kashmir by combining J&K Grameen Bank and Ellaquai Rustic Bank. It will be headquartered under the sponsorship of J&K bank in Jammu.
This fourth stage of merger
All regional rural banks will have an authorized capital of Rs 2,000 crore. Currently, 43 RRBs are working in 26 states and 2 union territories. After the merger, there will be 28 RRBs in 26 states and 2 union territories, which will have more than 22,000 branches in 700 districts. This is the fourth phase of the merger of RRB – the number of RRB in the first phase (FY 2006 to FY 2010) was reduced from 196 to 82, in the second phase (FY 2013 – FY15) it was reduced from 82 to 56 and in the third phase it was reduced from 56 to 43.
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