Indian Polity Current Affairs Analysis
The Union government announced the amalgamation of several Regional Rural Banks (RRBs), effective from May 1, 2025.
These RRBs will merge into a single entity, inheriting their respective properties, powers, rights, obligations, and duties.
The largest public sector lender, the State Bank of India (SBI), sponsors the greatest number of RRBs (14), followed by Punjab National Bank (nine) and Canara Bank (four).
Among the states, Andhra Pradesh, Uttar Pradesh, and West Bengal have three RRBs each.
The RRBs reported their highest-ever consolidated net profit of Rs 7,571 crore for FY24.
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