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of <h1>26 Regional Rural Banks Merge to Boost Operational Efficiency and Reduce Costs Across 10 States and 1 Union Territory</h1> The Department of Financial Services has notified the amalgamation of 26 Regional Rural Banks across 10 states and 1 union territory. This fourth phase of consolidation aims to improve operational efficiency and reduce costs. After the merger, 28 RRBs will operate in 26 states and 2 union territories, with over 22,000 branches predominantly in rural and semi-urban areas, continuing a trend of reducing RRB numbers from 196 to 43 over previous phases.
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