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Three Regional Rural Banks (RRBs) namely Malwa Gramin Bank, Sutlej Gramin Bank and ____ have been amalgamated into a single RRB by the Government, with effect from 1st January 2019?
  • a)
    Kutch Rural Bank
  • b)
    Punjab Gramin Bank
  • c)
    Chandigarh Rural Bank
  • d)
    Patiala Gramin Bank
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Three Regional Rural Banks (RRBs) namely Malwa Gramin Bank, Sutlej Gra...
With the effect from 1st January 2019, the three Regional Rural Banks (RRBs) – Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank has been amalgamated into a single RRB by the Government. After consulting the sponsor banks of the three RRBs, the central government felt that in the interest of the banks and the areas served by them, they should be amalgamated into a single RRB. National Bank for Agriculture and Rural Development (NABARD), the Government of Punjab, Punjab National Bank, State Bank of India and Punjab and Sind Bank are the sponsor banks of the said RRBs. The three banks were merged into one entity as part of the Centre’s roll out of the third phase of amalgamation of RRBs, which has laid a roadmap to bring down their number across the country from 56 to 38. The move will enable RRBs cut overheads, improve their capital and use technology, besides helping them draw better scale-efficiency, higher productivity, improved financial inclusion and greater credit flow to rural areas.
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Three Regional Rural Banks (RRBs) namely Malwa Gramin Bank, Sutlej Gramin Bank and ____ have been amalgamated into a single RRB by the Government, with effect from 1st January 2019?a)Kutch Rural Bankb)Punjab Gramin Bankc)Chandigarh Rural Bankd)Patiala Gramin Banke)None of theseCorrect answer is option 'B'. Can you explain this answer?
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Three Regional Rural Banks (RRBs) namely Malwa Gramin Bank, Sutlej Gramin Bank and ____ have been amalgamated into a single RRB by the Government, with effect from 1st January 2019?a)Kutch Rural Bankb)Punjab Gramin Bankc)Chandigarh Rural Bankd)Patiala Gramin Banke)None of theseCorrect answer is option 'B'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Three Regional Rural Banks (RRBs) namely Malwa Gramin Bank, Sutlej Gramin Bank and ____ have been amalgamated into a single RRB by the Government, with effect from 1st January 2019?a)Kutch Rural Bankb)Punjab Gramin Bankc)Chandigarh Rural Bankd)Patiala Gramin Banke)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Three Regional Rural Banks (RRBs) namely Malwa Gramin Bank, Sutlej Gramin Bank and ____ have been amalgamated into a single RRB by the Government, with effect from 1st January 2019?a)Kutch Rural Bankb)Punjab Gramin Bankc)Chandigarh Rural Bankd)Patiala Gramin Banke)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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