Page 20 - Banking Finance May 2025

One State, One RRB Policy to be Effective from May 1 Attention Subscribers
The government's "One State, One RRB" policy will come into effect from Please renew your Subscription of The
May 1, 2026, with the consolidation of 15 Regional Rural Banks (RRBs) across Insurance Times Journal to receive
11 states, as per a gazette notification issued by the Finance Ministry. copy of the journal uninterruptedly.
This fourth round of consolidation will reduce the number of RRBs from 43 You can now pay by GPAY, Phonepe,
to 28, aiming to improve operational efficiency and cost rationalisation. The Paytm, Amazon, ICICI Pay, BHIM UPI
affected states include Andhra Pradesh, Uttar Pradesh, West Bengal, Bihar,
Gujarat, Jammu & Kashmir, Karnataka, Madhya Pradesh, Maharashtra,
Odisha, and Rajasthan.
For instance, in Andhra Pradesh, four RRBs sponsored by Union Bank of In-
dia, Canara Bank, Indian Bank, and State Bank of India will merge into the
Andhra Pradesh Grameena Bank. The merger is executed under Section
23A(1) of the Regional Rural Banks Act, 1976, for the public interest and
the development of served regions.

revoked the banking licence of Colour markable 25% surge in its total busi-
Merchants Co-operative Bank Ltd., ness for the fiscal year ending March
Ahmedabad, Gujarat, effective April 31, 2025, surpassing the Rs. 3,000
16, 2025. Consequently, the bank will crore mark and overtaking AP Mahesh
cease all banking operations. Urban Co-operative Bank.

The Registrar of Co-operative Societ- The bank's total business mix, compris-
ies, Gujarat, has been requested to ing deposits and advances, rose from
initiate the bank's winding-up process Rs. 2,526.72 crore in FY24 to Rs.
and appoint a liquidator. According to 3,150.5 crore in FY25 - a growth of
RBI, the licence was cancelled as the 24.69% year-on-year. Deposits grew by
bank lacked adequate capital and earn- 21.76% to Rs. 1,797.18 crore, while
loans and advances jumped by 28.79%
ing prospects and did not comply with
to Rs. 1,353.32 crore. Sashi Publications Easy Payment
sections 11(1) and 22(3)(d) of the Bank-
ing Regulation Act, 1949. By comparison, AP Mahesh Urban Co- Modes :-
op Bank's business mix stood at Rs. i) UPI ID: SASHIBOOKS@KOTAK
As of March 31, 2024, the Deposit In-
2,681 crore. Gayatri Bank's strong per- ii) GPAY: 9830171022@okbizaxis
surance and Credit Guarantee Corpora-
formance solidifies its status as iii) PAYTM: 9830171022@paytm
tion (DICGC) had already disbursed Rs.
Telangana's largest urban cooperative
13.94 crore to eligible depositors. The iv) NEFT: Current A/C
bank based on overall business mix.
RBI confirmed that 98.51% of the 402120110000327 of 'SASHI
bank's depositors are entitled to receive PUBLICATIONS PRIVATE
the full insured amount from DICGC. Join LIMITED, Bank of India, VVK
Online Certificate Road Branch., Kolkata, India,
IFSC Code : BKID0004021
Gayatri Bank Overtakes Course on v) Credit Card:
Mahesh Bank with Rs. Motor Insurance www.sashipublications.com

3,150 Crore Business Mix For any query please call
For details please visit 9073791022/9883398055
Gayatri Co-operative Urban Bank,
www.smartonlinecourse.co.in
Jagtial, Telangana, has reported a re- www.sashipublications.com

18 | 2025 | MAY | BANKING FINANCE