‘One State, One RRB’ Policy to Take Effect from May 1st

The Union Government has officially notified the consolidation of multiple Regional Rural Banks (RRBs) under the ‘One State, One RRB’ initiative. Effective May 1, this merger—carried out under Section 23A(1) of the Regional Rural Banks Act, 1976—aims to streamline operations and enhance rural banking efficiency. The unified entity will assume all assets, responsibilities, rights, and obligations of the individual banks being amalgamated.

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