"One State, One RRB" Initiative

• The Department of Financial Services has announced the merger of 26 RRBs under the "One State, One RRB" initiative.

• This is the fourth phase of consolidation of Regional Rural Banks (RRBs).

• The Finance Ministry launched the consolidation plan in November 2024.

• The merger brings together 26 RRBs from 10 states and one Union Territory.

• The goal is to improve scale, efficiency and cost-effectiveness.

• Currently, there are 43 RRBs operating in 26 states and two Union Territories.

• After the merger, there will be 28 RRBs serving 700 districts.

• These RRBs will have over 22,000 branches.