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