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One State, One RRB
April 10 , 2025
6 days
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- The Union government announced the amalgamation of several Regional Rural Banks (RRBs), effective from May 1, 2025.
- These RRBs will merge into a single entity, inheriting their respective properties, powers, rights, obligations, and duties.
- The largest public sector lender, the State Bank of India (SBI), sponsors the most number of RRBs (14), followed by Punjab National Bank (nine) and Canara Bank (four).
- Among the states, Andhra Pradesh, Uttar Pradesh, and West Bengal have three RRBs each.
- The RRBs reported their highest-ever consolidated net profit of Rs 7,571 crore for FY24.
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