New Delhi. From May 1, a lot of changing the banking services of the country is going to change. The number of banks is going to decrease. 15 banks are about to merge. There will be merger of 15 banks from 11 states. In fact, the government has decided to implement 'one state-one RRB' policy from May 1, under which there will be only one rural banks in one state. That is, a large number of rural banks are going to be merged.

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A state, a bank

From May 1, there will be only one regional rural bank (RRB) in every state of the country. To implement this order, the Finance Ministry has issued a notification to the merger of 15 regional rural banks in 11 states. These banks will be merged on the orders of the Ministry of Finance. This will be the fourth phase of merger of regional rural banks, as soon as the current number of RRBs in the country will be reduced from 43 to 28.

Learn what is 'one state-one RRB' policy?

The government has implemented a rural bank policy in a state from May 1. Under this, regional rural banks present in 11 states of the country- Andhra Pradesh, Uttar Pradesh, West Bengal, Bihar, Gujarat, Jammu and Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan will be merged into a unit. In this way the target of 'one state-one RRB' will be realized.

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Know which will be merged with?

These RRBs will be integrated into a single unit in accordance with the powers provided under Section 23A (1) of the Regional Rural Bank Act, 1976. In this sequence, Chaitanya Godavari Gramin Bank, Andhra Pragati Gramin Bank, Saptagiri Gramin Bank and Andhra Pradesh Rural Development Bank will be merged as Andhra Pradesh Gramin Bank.

Baroda U.P. present in Uttar Pradesh Bank, Aryavarta Bank and Prathama U.P. Grameen Bank has been merged with a unit called Uttar Pradesh Gramin Bank, which will be headquartered in Lucknow under sponsorship of Bank of Baroda.

Bangi Rural Development in West Bengal, West Bang Rural Bank and Northbang Regional Rural Bank will be merged with West Bengal Gramin Bank.

South Bihar Gramin Bank and North Bihar Gramin Bank, including Bihar Gramin Bank will be formed in Patna.

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Gujarat Gramin Bank in Gujarat and Saurashtra Gramin Bank will be made Gujarat Gramin Bank.

According to the notification, all regional rural banks will have an authorized capital of Rs 2,000 crore. Prior to integration, the government has also invested capital in these regional rural banks. In the year 2021-22, the Center had decided to invest Rs 5,445 crore as its share in the RRB as its share in a period of two years. RRB's performance in FY 2023-24 reached historical height on several criteria. The RRB recorded the highest integrated net profit of Rs 7,571 crore that year and their integrated capital adequacy ratio was 14.2 percent high level.