The Department of Financial Services (DFS) under the Union Finance Ministry recently provided a consultation document to sponsor banks regarding the fourth phase of Regional Rural Bank (RRB) amalgamation. The All India Regional Rural Bank Employees Association (AIRRBEA), the largest union representing RRB employees, plays a crucial role in the RRB's evolution. The union’s Secretary General gives insights into the background of the amalgamation, challenges like inadequate support from sponsor banks, technology gaps, and staffing issues. Tune into his full audio to understand the ongoing developments at DFS and FM concerning the RRB amalgamation process.
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