The second phase of amalgamation of regional rural banks (RRB) is expecting to begin this month, with at least ten state level regional rural banks likely to be formed by December this year. In November 2011, the government had said that geographically contiguous RRBs within a state could be amalgamated to form a single state level RRB. The amalgamation will create large state level RRBs, which would help optimize resources, achieve economies of scale and common technology platform........
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