Regional banks to function under 'One State One RRB' from today: Details

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Regional banks to function under 'One State One RRB' from today: Details - Business Standard

Quick Summary:

All restructured RRBs will have an authorised capital of ₹2,000 crore, giving them a stronger base for credit expansion and economic support in their respective states.

On the principle of One State One RRB, Ministry of Finance had issued gazette notification for amalgamation of 26 RRBs in 11 states/UT on 07.04.2025, effective from 01.05.2025, marking a crucial step toward strong RRBs.

Bank retail credit witness sharp slowdown in FY25; drops to 11.