💨 Abstract

The Indian Ministry of Finance has announced the amalgamation of 26 Regional Rural Banks (RRBs) as part of the fourth phase of consolidation. The move aims to improve scale efficiency and cost rationalization, with the number of RRBs reducing from 43 to 28, and over 22,000 branches covering 700 districts.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖