One State One RRB

Since 1 May 2025 India has reorganised its rural banking on a 'One State, One RRB' template. The Finance Ministry's fourth round of amalgamation pulled the country's Regional Rural Banks down to 28 - broadly one per state, with standalone entities for Jammu & Kashmir and Puducherry - from 43 a year earlier. Notified on 5 April 2025, the exercise hands each state a single larger Grameen bank with a wider capital base and more room to invest in technology, while leaving the RRBs' original job untouched: affordable institutional credit for farmers, rural artisans and the poor.