Govt amalgamates three RRBs into a single bank - (Banking)

08-01-2019

The government has merged three Regional Rural Banks -- Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank -- into a single RRB with effect from January 1.
After consulting their sponsor banks named as NABARD,Punjab National Bank, State Bank of India and Punjab and Sind Bank government have decided to merge three RRBs for the interest of these banks and areas served by them.

latest Current Affairs