New Delhi, April 8, from May 1, each of the state will have the same regional rural bank (RRB). To implement this proposal, the Ministry of Finance issued a notification related to the inclusion of 15 regional rural banks in 11 states.
This will be the fourth stage of integrating regional rural banks, once the RRBS number is reduced from 43 out of 28.
According to the notification of the Ministry of Finance, the regional rural banks in 11 states of the country- Andra Pradesh, Uttar Pradesh, West Bengal, Bayhar, Gujarat, Amo, Kashmir, Carnataka, Madeh Pradesh, Maharashtra, Odisha, and Rajthane, will be pushed into a unit. In this way, the goal of “one-and-one RRB” will be achieved.
According to the notice, the date of the merger of these regional rural banks was determined on May 1, 2025.
This RRBS will be integrated into one unit according to the authorities mentioned under Article 23A (1) of the Regional Rural Bank Law, 1976.
In this sequence, Citania Godafari Guramin, Andra Praghati Garmet, Speciri Guramin, and Andra Pradesh Rural Development Bank such as Andra Pradeshin Bank.
Three RRBS in Uttar Pradesh and West Bengal state will also be combined with one unit.
Baroudau. Present at the Bank of Uttar Pradesh, Aravarta Bank, and Bratama U. Grameen Bank has been combined with a unit called Uttar Pradesh Gramin Bank, which will be the main headquarters of Leno under the auspices of Barouda Bank.
Rural development in Bangui will be integrated into the western Bengal, West Bang Bank, and North Bang Regional Bank with the Western West Bengal Bank.
Regardless of this, two RRB will be mixed in one out of eight states of the country, Gojarat, Jamo and Kashmir, Karnataka, materially Pradesh, Maharashtra, Odisha and Rajasthan.
A southern Bihar Garmene and Back Bank will be formed, including the Patna Bihar Bank in Patna. Gjujarat Gorne Bank will be created in Gjujarat and Sorashtra Guramin Bank, Gjujarat Carpamate.
According to the notification, all regional rural banks will have a value of 2000 rupees.
Before integration, the government also invested the capital in these regional rural banks. In the fiscal year 2021-22, the center decided to put 5445 rupees in RRB as a two-year period.
RRB’s performance in the fiscal year 2023-24 has reached the historical rise in several criteria. RRB recorded the highest integrated net profit of 7,571 rupees that year and the integrated capital adequacy rate 14.2 percent.
The central government took the RRB structural integration initiative in the fiscal year 2004-05. In this regard, the number of these institutions has decreased in the three stages so far from 196 to 43 by 2020-21.
Regional rural banks were formed under the RRB law, 1976. The purpose of its formation was to provide loans and other facilities for small farmers, agricultural workers and craftsmen in rural areas.
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