FinMin to implement ‘one state, one RRB’ soon to improve efficiency
The finance ministry will soon implement the ‘One State-One RRB’ plan to achieve operational efficiency and cost rationalisation and consolidation of 43 regional rural banks (RRBs) to 28.
Most of the work related to the issue of consolidation have been completed and the fourth round would happen soon, according to sources.
As per the roadmap prepared by the finance ministry, 15 RRBs operating in various states would be merged.
Among states that will see consolidation of RRBs include Andhra Pradesh, which has the maximum number of RRBs (4), Uttar Pradesh and West Bengal (3 each), and Bihar, Gujarat, Jammu & Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan (2 each).
In the case of Telangana, sources said, the issue related with bifurcation of assets and liabilities of Andhra Pradesh Grameena Vikas Bank (APGVB) between APGVB and Telangana Grameena Bank have concluded.