New Delhi, May 1 -- The recently amalgamated Regional Rural Banks (RRBS) across 11 states and Union territories have come into effect today (Thursday).

"Amalgamation of 26 Regional Rural Banks (RRBs) in 11 States/UT takes effect from today, marking a significant step toward strong RRBs, better governance, improved credit flow and financial inclusion," Department of Financial Services said in a post on X.

On April 8, the Department of Financial Services (DFS) notified the amalgamation of 26 Regional Rural banks (RRBs) on the principles of 'One State One RRB'.

This was the fourth phase of the amalgamation of RRBs.

Considering the improvement in the efficiency of the RRBs due to amalgamations in the past, the Ministry of Finance rolled o...