........In a letter addressed to the CAG on Monday, the associations of bank workers and officers said Gurgaon Gramin Bank is a regional rural bank (RRB) sponsored by Syndicate Bank and, according to Reserve Bank of India guidelines, all RRBs in a state have to be merged. "In this sequence, RRB having better performance under various business parameters would have an edge over others and amalgamated RRBs would be managed by the sponsored bank of better RRB," the letter said. ..............
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