Regional Rural Bank Merger : Approval not required from CCI

Last Updated on July 22, 2023 by Brajesh

Regional Rural bank Merger is exempted from clearance by Competition Commission Of India (CCI).

In a big news from banking sector, Government has exempted RRB merger from taking approval of CCI, which is now viewed as a big step towards consolidation of sponsor bank in near future. Exemption is granted for five years ,similar to the exemption which was granted in 2017 . This will help to reduce regulatory approval to ensure consolidation at a faster pace.

Know about  RRB 

Regional Rural Banks were established under the provisions of RRB Act 1976. They were formed to provide banking facilities in rural areas. RRB are generally termed as sponsor bank and were sponsored by major commercial banks.

There were around 196 RRB in 2004-5 which reduced to 43 RRB in 2021-22.

Controller of RRB

Regional Rural Banks are regulated by Reserve Bank Of India and they are jointly owned by State Government , Central Government and Sponsor Bank in the ratio of 15% , 50% & 35% respectively.

Know about Competition Commission Of India (CCI)

Competition Commission of India (CCI) was formed in March 2009 by Government of India under the Competition Act, 2002. They were bestowed with the responsibility of eliminating practices which may have adverse effect on competition to protect the interest of consumer.

Review meeting of RRB by Finance Minister

On 21st July 2023, FinMin will start her review on the working of RRB. This was announced in the recently held meeting between Nirmala Sitharaman & Heads of Public Sector Bank. First review will be held at Tripura where apart from the functioning of RRB , focus will be given on Technology adoption as well.

List of Regional Rural Bank & their Sponsor Bank  :-

Sr. no State Name of Regional Rural Bank Sponsor Bank
1 Andhra Pradesh Andhra Pragathi Grameena Bank Canara Bank
2 Andhra Pradesh Chaitanya Godavari Grameena Bank Union Bank of India
3 Andhra Pradesh Saptagiri Grameena Bank Indian Bank
4 Arunachal Pradesh Arunachal Pradesh Rural Bank State Bank of India
5 Assam Assam Gramin Vikash Bank Punjab National Bank
6 Bihar Dakshin Bihar Gramin Bank Punjab National Bank
7 Bihar Uttar Bihar Gramin Bank Central Bank of India
8 Chhattisgarh Chhattisgarh Rajya Gramin Bank State Bank of India
9 Gujarat Baroda Gujarat Gramin Bank Bank of Baroda
10 Gujarat Saurashtra Gramin Bank State Bank of India
11 Haryana Sarva Haryana Gramin Bank Punjab National Bank
12 Himachal Pradesh Himachal Pradesh Gramin Bank Punjab National Bank
13 Jammu & Kashmir Ellaquai Dehati Bank State Bank of India
14 Jammu & Kashmir J&K Grameen Bank J&K Bank Ltd.
15 Jharkhand Jharkhand Rajya Gramin Bank State Bank of India
16 Karnataka Karnataka Gramin Bank Canara Bank
17 Karnataka Karnataka Vikas Grameena Bank Canara Bank
18 Kerala Kerala Gramin Bank Canara Bank
19 Madhya Pradesh Madhya Pradesh Gramin Bank Bank of India
20 Madhya Pradesh Madhyanchal Gramin Bank State Bank of India
21 Maharashtr Vidharbha Konkan Gramin Bank Bank of India
22 Maharashtra Maharashtra Gramin Bank Bank of Maharashtra
23 Manipur Manipur Rural Bank Punjab National Bank
24 Meghalaya Meghalaya Rural Bank State Bank of India
25 Mizoram Mizoram Rural Bank State Bank of India
26 Nagaland Nagaland Rural Bank State Bank of India
27 Odisha Odisha Gramya Bank Indian Overseas Bank
28 Odisha Utkal Grameen Bank State Bank of India
29 Puducherry Puduvai Bharthiar Grama Bank Indian Bank
30 Punjab Punjab Gramin Bank Punjab National Bank
31 Rajasthan Baroda Rajasthan Kshetriya Gramin Bank Bank of Baroda
32 Rajasthan Rajasthan Marudhara Gramin Bank State Bank of India
33 Tamil Nadu Tamil Nadu Grama Bank Indian Bank
34 Telangana Andhra Pradesh Grameena Vikas Bank State Bank of India
35 Telangana Telangana Grameena Bank State Bank of India
36 Tripura Tripura Gramin Bank Punjab National Bank
37 Uttar Pradesh Aryavart Bank Bank of India
38 Uttar Pradesh Baroda UP Bank Bank of Baroda
39 Uttar Pradesh Prathama UP Gramin Bank Punjab National Bank
40 Uttarakhand Uttarakhand Gramin Bank State Bank of India
41 West Bengal Bangiya Gramin Vikash Bank Punjab National Bank
42 West Bengal Paschim Banga Gramin Bank UCO Bank
43 West Bengal Uttar Banga Kshetriya Gramin Bank Central Bank of India

 

Link of DFS to track the list of RRB :- DFS list

 

 

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