Present number of RRBs in India?

Q.  As of 2016, the present number of RRBS in India is?
- Published on 15 Feb 17

a. 137
b. 82
c. 56
d. 65

At present, there are 56 RRBs in India.

Currently, RRB's are going through a process of amalgamation and consolidation.

First phase of amalgamation was initiated Sponsor Bank-wise within a State in 2005,
and the second phase was across the Sponsor banks within a State in 2012.

All RRBs were originally conceived as low cost institutions having a rural ethos, local feel and pro poor focus.
However, within a short time, most banks were making losses.

This may be again merged in near future.

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