Govt Merges 26 RRBs Under ‘One State One RRB’ Plan
ECONOMY & POLICY

Govt Merges 26 RRBs Under ‘One State One RRB’ Plan

The Department of Financial Services (DFS) has announced the merger of 26 Regional Rural Banks (RRBs) across 10 states and one Union Territory, following the “One State One RRB” principle. This marks the fourth phase of RRB amalgamation in India.

The move comes after earlier consolidations showed improved efficiency in operations. In November 2024, the Ministry of Finance proposed the current merger plan and held consultations with key stakeholders before moving forward. The latest phase focuses on enhancing scale efficiency and optimizing costs across the rural banking network.

Before the merger, 43 RRBs operated across 26 states and 2 Union Territories. With the new changes, the number will come down to 28, while the overall network will still serve over 22,000 branches across 700 districts—around 92 per cent of which are in rural or semi-urban regions.

The merger is part of a long-term consolidation effort. In Phase 1 (2006–2010), the number of RRBs was brought down from 196 to 82. Phase 2 (2013–2015) saw further reduction to 56, and Phase 3 (2019–2021) brought the total to 43. This latest round continues the government’s focus on strengthening rural banking through strategic consolidation.

The Department of Financial Services (DFS) has announced the merger of 26 Regional Rural Banks (RRBs) across 10 states and one Union Territory, following the “One State One RRB” principle. This marks the fourth phase of RRB amalgamation in India. The move comes after earlier consolidations showed improved efficiency in operations. In November 2024, the Ministry of Finance proposed the current merger plan and held consultations with key stakeholders before moving forward. The latest phase focuses on enhancing scale efficiency and optimizing costs across the rural banking network. Before the merger, 43 RRBs operated across 26 states and 2 Union Territories. With the new changes, the number will come down to 28, while the overall network will still serve over 22,000 branches across 700 districts—around 92 per cent of which are in rural or semi-urban regions. The merger is part of a long-term consolidation effort. In Phase 1 (2006–2010), the number of RRBs was brought down from 196 to 82. Phase 2 (2013–2015) saw further reduction to 56, and Phase 3 (2019–2021) brought the total to 43. This latest round continues the government’s focus on strengthening rural banking through strategic consolidation.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement