Government Consolidates Regional Rural Banks to Enhance Efficiency
The Government of India has successfully reduced the number of Regional Rural Banks (RRBs) from 196 to 28 under the 'One State-One RRB' policy, aimed at improving operational viability and financial strength. This consolidation, initiated in phases since 2005, has led to enhanced profitability, reduced losses, and better service delivery. A recent NABARD study indicates that amalgamated RRBs show improved financial performance and stability, with ongoing measures to ensure customer service continuity during the transition.
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