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Government amalgamates three regional rural banks

Sunday, January 6, 2019, 7:36 AM

The government has amalgamated three Regional Rural Banks Punjab Gramin Bank, Malwa Gramin Bank, Sutlej Gramin Bank into a single RRB with effect from January-1. In a filing to BSE, Punjab and Sind Bank said central government, after consulting the sponsor banks of three RRBs, felt that in interest of banks and areas served by them, they should be amalgamated into a single RRB.