New Delhi- From May 1, there will be only one Regional Rural Bank (RRB) in each state of the country. To implement this proposal, the Finance Ministry has issued a notification regarding the merger of 15 Regional Rural Banks in 11 states.
This means that the Finance Ministry will merge these banks. This will be the fourth phase of merger of Regional Rural Banks, after the completion of which the current number of RRBs in the country will be reduced from 43 to 28. These RRBs are affiliated to several government banks of the country including SBI.
According to the Finance Ministry notification, its impact will be seen in 11 states of the country – Andhra Pradesh, Uttar Pradesh, West Bengal, Bihar, Gujarat, Jammu and Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan. The regional rural banks existing in these states will be merged into a single entity. In this way, the government will be able to achieve the goal of ‘One State-One RRB’. The effective date of merger of these regional rural banks has been fixed as May 1, 2025.
RRBs affiliated to several government banks
According to the Finance Ministry, these RRBs present in various states of the country are affiliated to several government banks. In the same order, Chaitanya Godavari Gramin Bank, Andhra Pragati Gramin Bank, Saptagiri Gramin Bank and Andhra Pradesh Gramin Vikas Bank sponsored by Union Bank of India, Canara Bank, Indian Bank and State Bank of India will be merged to form Andhra Pradesh Gramin Bank.
Big merger in UP and Bengal too
Three RRBs each from Uttar Pradesh and West Bengal will also be merged into one unit. Baroda UP Bank, Aryavarat Bank and Prathama UP Gramin Bank existing in UP have been merged into a single unit called Uttar Pradesh Gramin Bank, whose head office will be in Lucknow under the sponsorship of Bank of Baroda. Similarly, Bangia Gramin Vikas, West Bengal Gramin Bank and Uttarbanga Khetri Gramin Bank operating in West Bengal will be merged into West Bengal Gramin Bank.
Other states also affected
Apart from this, two RRBs will be merged in one of the eight states of the country, namely Bihar, Gujarat, Jammu and Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan. South Bihar Gramin Bank and North Bihar Gramin Bank will be merged to form Bihar Gramin Bank, whose head office will be in Patna. In Gujarat, Baroda Gujarat Gramin Bank and Saurashtra Gramin Bank will be merged to form Gujarat Gramin Bank.
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