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  Government identifies 3-4 regional rural banks for IPOs; public issue likely this year

  Business | Jul 28, 2019, 01:01 PM IST

  The bank consolidation exercise is going on as the objective is to bring the number of RRBs to 38 from the current 45, they said, adding that some more consolidations will take place as state governments have given their go-ahead. The amalgamation of RRBs within a state has been carried out with a view to enable RRBs to minimise their overhead expenses, optimise the use of technology, enhance the capital base and area of operation and increase their exposure, sources said. 

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  Bank unions seek government intervention to settle wage revision

  Feb 19, 2015, 05:16 PM IST

  Chennai: The central government's intervention in early settlement of wage revision, timely appointment of workmen directors, and merger of regional rural banks (RRB) with their sponsors were some of the demands submitted by two bank