"Enhancing Viability and Financial Performance: The Fourth Round of Regional Rural Bank Amalgamation"

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"Enhancing Viability and Financial Performance: The Fourth Round of Regional Rural Bank Amalgamation"

[!CDATA[The Department of Financial Services (DFS) recently announced the fourth round of amalgamation of Regional Rural Banks (RRBs) to enhance their viability and financial performance. This consolidation process has resulted in 43 RRBs being merged into 28 entities, with each state having one entity and two Union Territories (Jammu & Kashmir and Puducherry) having their own, effective from 1 May 2025. This marks the fourth phase of RRB amalgamation in the past two decades. Established in 1975, RRBs focus on serving the rural and agrarian economy to support the weaker sections of society. Over 92 percent of the more than 22,000 RRB branches are located in rural and semi-urban areas spanning across 700 districts. These banks play a crucial role in implementing government-sponsored financial inclusion schemes such as Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Atal Pension Yojana, and Pradhan Mantri Jan Dhan Yojana. For more updates and information on financial services and banking, subscribe to our channels on YouTube, Telegram, and WhatsApp.]]