Regional Rural Banks (RRB) Amalgamation, 26 Banks to merge in Phase Four: The Department of Financial Services (DFS) has announced the amalgamation of 26 RRBs across 10 states and 1 Union Territory. It aligns with the “One State One RRB” principle, aiming for improved efficiency and cost reduction based on positive outcomes from previous amalgamations. Post this phase, the number of RRBs will reduce to 28, operating in 26 states and 2 UTs with over 22,000 branches, predominantly in rural and semi-urban areas. (Fin Min Notification Dated 05/04/2025)