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Government merged three Regional Rural Banks

Last Updated: January 8, 2019

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Government merged three Regional Rural Banks

Government merged three Regional Rural Banks

08 January 2019 Current Affairs:

The government has amalgamated three Regional Rural Banks -- Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank -- into a single RRB with immediate effect.
The sponsor banks of the RRBs are National Bank for Agriculture and Rural Development (NABARD), the Government of Punjab and Punjab National Bank, State Bank of India and Punjab and Sind Bank.

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