FilingReader Intelligence
Bank of Baroda RRBs to consolidate into single regional banks
April 9, 2025 at 07:07 PM UTC•By FilingReader AI
Bank of Baroda [BSE: BANKBARODA] has announced the amalgamation of its sponsored Regional Rural Banks (RRBs) into single regional banks across several Indian states, effective May 1, 2025. This move follows a Government of India gazette notification dated April 7, 2025. The consolidation, authorized under Section 23A of the Regional Rural Banks Act, 1976, aims to enhance operational efficiency and improve service delivery.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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BSE:BANKBARODA•Bombay Stock Exchange
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